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3SBio ( (HK:1530) ) just unveiled an update.
3SBio, a company incorporated in the Cayman Islands, has announced its intention to spin-off and separately list its subsidiary, Mandi Inc., on the Main Board of the Stock Exchange of Hong Kong. This strategic move involves distributing all shares of Mandi held by 3SBio to its shareholders and offering new shares through a global offering. The spin-off aims to allow Mandi to operate independently, with 3SBio ceasing to hold any interest in it post-listing. The proposal is subject to regulatory approvals and market conditions, and stakeholders are advised to exercise caution as the spin-off may not proceed.
The most recent analyst rating on (HK:1530) stock is a Buy with a HK$38.00 price target. To see the full list of analyst forecasts on 3SBio stock, see the HK:1530 Stock Forecast page.
More about 3SBio
Average Trading Volume: 39,843,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$78.28B
See more insights into 1530 stock on TipRanks’ Stock Analysis page.