Shandong Molong Petroleum Machinery ( (HK:0568) ) has issued an announcement.
Shandong Molong Petroleum Machinery Company announced a series of debt assignment agreements involving the sale of Debt A and Debt B, with respective considerations of RMB 85,119,800 and RMB 84,000,000. These transactions, which are exempt from shareholder approval requirements, aim to improve the company’s financial flexibility and operational efficiency by settling outstanding receivables with Shouguang Baolong Petroleum Equipment Co., Ltd.
More about Shandong Molong Petroleum Machinery
YTD Price Performance: -20.67%
Average Trading Volume: 2,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $291.5M
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