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The latest announcement is out from Alltronics Holdings ( (HK:0833) ).
Alltronics Holdings Limited, a company incorporated in the Cayman Islands, has announced the acquisition of a 51% stake in a target company based in Ho Chi Minh City, Vietnam. This acquisition, valued at US$2,000,000, will result in the target company becoming an indirect non-wholly subsidiary of Alltronics, with its financial results being consolidated into the group’s financial statements. The acquisition does not constitute a notifiable transaction under the Hong Kong Listing Rules, as the applicable percentage ratios are below 5%.
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: 859,274
Technical Sentiment Signal: Buy
Current Market Cap: HK$312.2M
Find detailed analytics on 0833 stock on TipRanks’ Stock Analysis page.