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CALB Co., Ltd. Class H ( (HK:3931) ) has shared an announcement.
CALB Co., Ltd. has announced a major transaction involving the acquisition of a significant stake in a target company and a subscription for newly issued shares. The company has agreed to acquire 11% of the target company’s shares and subscribe to additional shares, which will result in CALB holding approximately 22.61% of the target company’s issued shares. This strategic move will make the target company a subsidiary of CALB, allowing it to consolidate the target’s financial results into its own. The transaction is subject to shareholder and regulatory approvals, and it aligns with CALB’s efforts to strengthen its position in the energy sector.
More about CALB Co., Ltd. Class H
CALB Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the energy sector, focusing on the development and production of lithium batteries and related products, catering primarily to the electric vehicle market.
Average Trading Volume: 2,115,703
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$28.78B
For detailed information about 3931 stock, go to TipRanks’ Stock Analysis page.