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Beijing Airdoc Acquires Full Ownership of Subsidiary

Story Highlights
  • Beijing Airdoc Technology acquired a 30% equity interest in a subsidiary.
  • The acquisition makes the subsidiary wholly owned and requires reporting under Hong Kong’s Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Beijing Airdoc Acquires Full Ownership of Subsidiary

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An announcement from Beijing Airdoc Technology Co. Ltd. Class H ( (HK:2251) ) is now available.

Beijing Airdoc Technology Co., Ltd. has announced its acquisition of a 30% equity interest in a subsidiary, making it a wholly-owned entity. The acquisition, valued at RMB24.5 million, will allow the company to consolidate the subsidiary’s financial results into its own statements. The transaction is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval.

More about Beijing Airdoc Technology Co. Ltd. Class H

Average Trading Volume: 83,075

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.45B

See more data about 2251 stock on TipRanks’ Stock Analysis page.

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