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An announcement from Angelalign Technology Inc. ( (HK:6699) ) is now available.
Angelalign Technology Inc., through its wholly-owned subsidiary Wuxi EA, has entered into an investment agreement with Shanghai Maxflex, acquiring a 5% stake for RMB10 million. This transaction, which increases Angelalign’s equity interest in Shanghai Maxflex to approximately 9.7%, is classified as a connected transaction under Hong Kong’s Listing Rules due to the involvement of CareCapital Group, the controlling shareholder. The investment is subject to certain conditions, including necessary approvals and the absence of material adverse effects.
The most recent analyst rating on (HK:6699) stock is a Hold with a HK$72.00 price target. To see the full list of analyst forecasts on Angelalign Technology Inc. stock, see the HK:6699 Stock Forecast page.
More about Angelalign Technology Inc.
Average Trading Volume: 1,184,177
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.31B
Find detailed analytics on 6699 stock on TipRanks’ Stock Analysis page.