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The latest announcement is out from Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ).
Beijing Saimo Technology has adjusted the parameters of its proposed H-share full circulation plan after changes in the participating shareholders, revising the number of domestic non-listed shares to be converted and listed in Hong Kong to 52,911,569 shares, or about 39.68% of its issued share capital. The company has yet to submit its application to the China Securities Regulatory Commission and the detailed implementation plan for the conversion and listing remains unfinished, meaning the scheme is still subject to approvals and regulatory procedures, and shareholders are being cautioned about trading the company’s securities amid this ongoing process.
The most recent analyst rating on (HK:2571) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on Beijing Saimo Technology Co. Ltd. Class H stock, see the HK:2571 Stock Forecast page.
More about Beijing Saimo Technology Co. Ltd. Class H
Beijing Saimo Technology Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong as an H-share issuer, operating within the technology sector and serving both domestic and overseas capital markets through its Hong Kong listing structure.
Average Trading Volume: 51,533
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.78B
For detailed information about 2571 stock, go to TipRanks’ Stock Analysis page.