Hainan Drinda Says No Undisclosed Matters Behind Sharp Share Price Move
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Hainan Drinda New Energy Technology Co., Ltd. (HK:2865) reported a 20% price increase over three days, triggering an unusual price movement designation. The company confirmed that there are no undisclosed matters affecting its share price, and its operations remain normal. The board stated that controlling shareholders did not trade shares during this period, and the company complied with fair disclosure requirements. Analysts rate the stock as a Buy with a target price of HK$52.00, and the current market cap is HK$27.63B.
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