The latest update is out from Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. ( (HK:1938) ).
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. announced the disposal of a piece of land back to the Yunfu Government for the original purchase price of RMB30.25 million due to development challenges. The delay in announcing this transaction was attributed to internal oversight and staff changes. To prevent future compliance issues, the company plans to enhance internal controls, circulate updated compliance guidelines, and provide training to its management and financial personnel.
More about Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. operates in the petroleum and natural gas industry, specializing in the production of steel pipes. The company is focused on serving the energy sector, providing essential infrastructure components for oil and gas exploration and transportation.
YTD Price Performance: 2.35%
Average Trading Volume: 133,933
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$175.9M
See more data about 1938 stock on TipRanks’ Stock Analysis page.
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