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Alltronics Holdings ( (HK:0833) ) just unveiled an announcement.
Alltronics Holdings Limited has completed the acquisition of 51% of the issued share capital of a target company for HK$43,434,000. The acquisition, which was financed through internal resources and future dividends, will not adversely impact the company’s financial position or operations. The target company will now become an indirect non-wholly owned subsidiary, with its financial results consolidated into Alltronics’ financial statements.
The most recent analyst rating on (HK:0833) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Alltronics Holdings stock, see the HK:0833 Stock Forecast page.
More about Alltronics Holdings
Average Trading Volume: 1,628,960
Technical Sentiment Signal: Buy
Current Market Cap: HK$321.7M
Learn more about 0833 stock on TipRanks’ Stock Analysis page.