Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
An update from Henan JinMa Energy Co. Ltd. Class H ( (HK:6885) ) is now available.
Henan JinMa Energy Co. Ltd. announced that its annual cap for transactions under the Maanshan Steel Framework Agreement was exceeded by approximately RMB40 million in 2024. The company identified this during a routine review and attributed the oversight to inadvertent errors in monitoring sales transactions. As a result, the company plans to implement stricter internal control measures, including enhanced approval processes and additional training for relevant personnel, to prevent future breaches. The company also intends to revise the annual cap to accommodate the exceeded amount and comply with Hong Kong Listing Rules. Despite this incident, the directors consider the transactions fair, reasonable, and in the interest of shareholders, with major shareholders supporting the breach’s ratification.
More about Henan JinMa Energy Co. Ltd. Class H
Henan JinMa Energy Co. Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company engages in connected transactions with Maanshan Steel Group, focusing on providing energy-related services and products, and is listed on the Hong Kong Stock Exchange under stock code 6885.
YTD Price Performance: -2.94%
Average Trading Volume: 72,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$353.4M
For a thorough assessment of 6885 stock, go to TipRanks’ Stock Analysis page.
