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Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ) just unveiled an announcement.
Beijing Saimo Technology has issued a supplemental announcement providing additional detail on the financial products it has subscribed to using proceeds from its global offering, following an earlier disclosure of a temporary deviation from the originally stated use of IPO funds. The company disclosed that part of the IPO proceeds has been invested in the China Harbour Special Opportunity Fund I SP, managed by an experienced Hong Kong-based asset manager focusing on equities and debt instruments, including special situations and transaction-driven opportunities in Hong Kong and U.S. markets, while another portion is held in notes issued via Jia Jun International Trade (Hong Kong) Limited, thereby clarifying the nature, strategy and counterparties of these investments for shareholders and potential investors.
The most recent analyst rating on (HK:2571) stock is a Buy 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 joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong under stock code 2571. The company raised IPO proceeds from a global offering and deploys part of these funds into financial products as part of its capital management strategy for shareholders and potential investors.
Average Trading Volume: 232,705
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.68B
See more insights into 2571 stock on TipRanks’ Stock Analysis page.