High Court Dismisses Winding-Up Petition Against China Tianrui’s Controlling Shareholder
The High Court has dismissed a winding-up petition against Yu Kuo, the controlling shareholder of China Tianrui Group Cement Co., Ltd. This decision alleviates potential financial distress concerns for the company, allowing it to continue operations without the threat of shareholder instability. The latest analyst rating for the company's stock is a Hold with a target price of HK$0.50.
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China Tianrui Group Cement Co., Ltd. ( (HK:1252) ) has issued an update.
China Tianrui Group Cement Co., Ltd. announced that the High Court dismissed a winding-up petition against its controlling shareholder, Yu Kuo. This development is significant for the company as it alleviates potential financial distress concerns, allowing the company to continue its operations without the looming threat of shareholder instability.
The most recent analyst rating on (HK:1252) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Tianrui Group Cement Co., Ltd. stock, see the HK:1252 Stock Forecast page.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Co., Ltd. operates in the cement industry, focusing on the production and distribution of cement products.
Average Trading Volume: 11,736,810
Technical Sentiment Signal: Sell
Current Market Cap: HK$940.4M
