Yestar Healthcare Explores Expansion Into Advanced Materials; Shares Fall 5%

MT Newswires Live12-16 15:07

Yestar Healthcare (HKG:2393) said it is exploring a potential expansion into the advanced materials industry, according to a Monday Hong Kong bourse filing.

Shares of the healthcare consumables and equipment maker were down nearly 5% in Tuesday afternoon trading.

The company said it is assessing potential investments in coating production lines, research and development equipment, and related patents, with an initial focus on applications in the oil and gas, hydrogen, and new energy sectors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment