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BBMG ( (HK:2009) ) has issued an announcement.
BBMG Corporation announced the completion of a shareholding increase plan by its controlling shareholder, Beijing State-owned Capital Operation and Management Company Limited (BSCOMC). The plan, which was executed over a 12-month period, resulted in an increase of 37,870,866 A shares, representing 0.35% of the company’s total share capital, with an investment of approximately RMB50 million. This strategic move is aimed at strengthening BSCOMC’s stake in BBMG, potentially enhancing the company’s market position and signaling confidence in its future performance.
The most recent analyst rating on (HK:2009) stock is a Hold with a HK$0.80 price target. To see the full list of analyst forecasts on BBMG stock, see the HK:2009 Stock Forecast page.
More about BBMG
BBMG Corporation is a joint stock company incorporated in the People’s Republic of China, operating in the construction materials industry. It is primarily focused on the production and distribution of building materials, including cement and property development, with a significant market presence in China.
Average Trading Volume: 39,546,586
Current Market Cap: HK$16.75B
Find detailed analytics on 2009 stock on TipRanks’ Stock Analysis page.