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The latest announcement is out from Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ).
Beijing Saimo Technology has approved a plan to convert 65,081,360 domestic unlisted shares, representing about 48.81% of its issued share capital, into H-shares to be listed and traded on the Main Board of the Hong Kong Stock Exchange under a full circulation scheme. The conversion, which does not require a general meeting under the company’s articles, is still subject to regulatory filings with the China Securities Regulatory Commission, approvals from Hong Kong and other regulators, and finalisation of the implementation scheme, and the company has warned shareholders and potential investors to exercise caution as the process and timing remain uncertain.
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 and listed in Hong Kong as an H-share issuer, operating within the broader technology and industrial sector and serving both domestic and overseas capital markets through its Hong Kong listing.
Average Trading Volume: 274,092
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.69B
See more insights into 2571 stock on TipRanks’ Stock Analysis page.