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Automated Systems Holdings Limited ( (HK:0771) ) has issued an update.
Automated Systems Holdings Limited has issued a supplemental announcement on its disposal of the security authentication business, clarifying that after completion of the i-Sprint transaction, ASL Security will initially retain a 35.42% equity stake in i-Sprint Holdings, which will remain an associate of the group. The company further discloses that i-Sprint Holdings intends to use part of the transaction proceeds to repurchase the entire equity interest currently held by ASL Security under a proposed share repurchase arrangement expected to be formalized in the first quarter of 2026, after which the group would cease to hold any shares in i-Sprint Holdings; the deal may constitute a notifiable transaction under Hong Kong listing rules, and shareholders are advised to exercise caution as further updates are pending.
The most recent analyst rating on (HK:0771) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Automated Systems Holdings Limited stock, see the HK:0771 Stock Forecast page.
More about Automated Systems Holdings Limited
Automated Systems Holdings Limited is a Hong Kong–listed technology group that operates through subsidiaries including ASL Security and i-Sprint Holdings, with a focus on security authentication and related IT solutions and services for corporate and institutional clients in the region.
Average Trading Volume: 170,628
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$761.3M
Find detailed analytics on 0771 stock on TipRanks’ Stock Analysis page.