tiprankstipranks
Company Announcements

Shandong Molong Discloses Detailed Asset Valuation in Debt Assignment

Story Highlights
Shandong Molong Discloses Detailed Asset Valuation in Debt Assignment

An update from Shandong Molong Petroleum Machinery ( (HK:0568) ) is now available.

Shandong Molong Petroleum Machinery has announced a supplemental disclosure regarding its debt assignments, providing detailed valuation information of its land and related constructions. The valuation, executed by Kunxin International Assets Appraisal Group Co., Ltd., was based on market value using various methodologies, including market approach and cost approach. This announcement may impact the company’s financial structuring and offers stakeholders a transparent view of the asset’s assessed value.

More about Shandong Molong Petroleum Machinery

YTD Price Performance: -20.67%

Average Trading Volume: 2,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $310.3M

See more insights into 0568 stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App