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Analogue Holdings Limited ( (HK:1977) ) has issued an update.
Analogue Holdings Limited plans to dispose of up to 3% of the A shares it holds in Nanjing Canatal Data-Centre Environmental Tech Co., Ltd. via open market bidding and block trades on the Shanghai Stock Exchange, within a defined 90-day window following Nanjing Canatal’s related announcement and subject to PRC regulatory limits. The disposal, which has not yet been contractually finalised and may qualify as a discloseable transaction, is intended to boost Analogue’s cash reserves to fund business expansion and potential acquisitions, signalling a move to partially monetise its investment in Nanjing Canatal and reallocate capital to other growth areas within the group.
The most recent analyst rating on (HK:1977) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Analogue Holdings Limited stock, see the HK:1977 Stock Forecast page.
More about Analogue Holdings Limited
Analogue Holdings Limited is a Hong Kong-listed engineering and technology group with diversified operations, including investments in building services and environmental engineering businesses across Greater China and beyond. The company holds a significant minority stake in Nanjing Canatal Data-Centre Environmental Tech Co., Ltd., a Shanghai-listed PRC company specialising in data-centre environmental technologies.
Average Trading Volume: 66,872
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.3B
Find detailed analytics on 1977 stock on TipRanks’ Stock Analysis page.