Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Beisen Holding Ltd. ( (HK:9669) ) is now available.
Beisen Holding Ltd. announced a reorganization plan to comply with Chinese regulations prohibiting foreign ownership in its core business areas. The company will transfer equity interest in the Target Company to a new wholly-owned entity, Tianjin Beisen Cloud Information Technology Co., Ltd., to maintain control and economic benefits. The company has also entered into supplemental agreements to adjust the rights and obligations related to its share transactions, eliminating the need for previous contractual arrangements.
More about Beisen Holding Ltd.
Beisen Holding Ltd. operates in the technology sector, focusing on providing online audio-visual program services and internet-based cultural services in China. The company is subject to regulatory restrictions on foreign ownership in its primary market.
YTD Price Performance: 16.28%
Average Trading Volume: 818,128
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.61B
For detailed information about 9669 stock, go to TipRanks’ Stock Analysis page.