Rizhao Port Jurong’s Controlling Shareholder Increases Stake
Rizhao Port Jurong Co. Ltd. announced that its controlling shareholder, Rizhao Port Co., Ltd., has increased its stake by acquiring 44 million H shares at HK$0.798 each, totaling approximately HK$35.11 million. This raises Rizhao Port's ownership to 53.25% of the total issued share capital, indicating strong confidence in the company's future. The latest analyst rating for the stock (HK:6117) is a Buy, with a price target of HK$1.00. Rizhao Port Jurong operates in the port industry, focusing on logistics and cargo services.
Rizhao Port Jurong Co. Ltd. Class H ( (HK:6117) ) just unveiled an announcement.
Rizhao Port Jurong Co., Ltd. announced that its controlling shareholder, Rizhao Port Co., Ltd., has increased its shareholding in the company by acquiring 44,000,000 H shares at an average price of HK$0.798 per share. This move, amounting to approximately HK$35.11 million, raises Rizhao Port’s stake to 53.25% of the total issued share capital, reflecting strong confidence in the company’s future development.
The most recent analyst rating on (HK:6117) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Rizhao Port Jurong Co. Ltd. Class H stock, see the HK:6117 Stock Forecast page.
More about Rizhao Port Jurong Co. Ltd. Class H
Rizhao Port Jurong Co., Ltd. operates in the port industry, focusing on port operations and related services. The company is based in the People’s Republic of China and is involved in handling and managing port logistics and cargo services.
Average Trading Volume: 162,682
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.26B
