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CALB Co., Ltd. Class H ( (HK:3931) ) has shared an update.
CALB Group Co., Ltd. has successfully completed the acquisition of a 10.94% equity interest in Jiangsu Olive Sensors High-tech Corporation Limited, a company listed on the ChiNext Board of the Shenzhen Stock Exchange. This acquisition allows CALB to have substantial influence over the target company’s board of directors, as they now hold the majority of directorships. The financial results of Jiangsu Olive Sensors will be consolidated into CALB’s financial statements, enhancing their market position in the high-tech industry.
The most recent analyst rating on (HK:3931) stock is a Hold with a HK$38.00 price target. To see the full list of analyst forecasts on CALB Co., Ltd. Class H stock, see the HK:3931 Stock Forecast page.
More about CALB Co., Ltd. Class H
CALB Group Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the high-tech industry, focusing on advanced sensor technologies and related services, with a market presence on the ChiNext Board of the Shenzhen Stock Exchange.
Average Trading Volume: 11,883,474
Technical Sentiment Signal: Buy
Current Market Cap: HK$53.42B
For detailed information about 3931 stock, go to TipRanks’ Stock Analysis page.