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Best Food Holding Co. Ltd. ( (HK:1488) ) has issued an announcement.
Best Food Holding Co. Ltd. has announced a connected transaction involving the formation of a partnership to establish Shenzhen Shendianbao. The partnership includes Qianhai Youfu, a wholly-owned subsidiary of Best Food, Beijing Shendianbao, Yancheng Baihe, and six other limited partners, with a total capital contribution of RMB50,000,000. This transaction, which involves connected persons under the Hong Kong Listing Rules, is subject to reporting and announcement requirements but does not require independent shareholders’ approval.
The most recent analyst rating on (HK:1488) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Best Food Holding Co. Ltd. stock, see the HK:1488 Stock Forecast page.
More about Best Food Holding Co. Ltd.
Average Trading Volume: 558,585
Technical Sentiment Signal: Sell
Current Market Cap: HK$899.8M
Find detailed analytics on 1488 stock on TipRanks’ Stock Analysis page.