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BAIC Motor ( (HK:1958) ) has provided an update.
BAIC Motor Corporation Limited announced the disposal of 51% of its equity interests in its wholly-owned subsidiary, BAIC International, to Beijing Automotive Group Co., Ltd. The transaction, valued at RMB1,607.5740 million, was appraised using the income approach, constituting a profit forecast under the Listing Rules. This move is expected to impact BAIC Motor’s operational focus and potentially alter its market positioning.
The most recent analyst rating on (HK:1958) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on BAIC Motor stock, see the HK:1958 Stock Forecast page.
More about BAIC Motor
BAIC Motor Corporation Limited is a joint stock company incorporated in the People’s Republic of China, primarily operating in the automotive industry. The company focuses on manufacturing and selling vehicles, and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 18,171,003
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.59B
See more data about 1958 stock on TipRanks’ Stock Analysis page.