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An announcement from CCT Fortis Holdings Limited ( (HK:0138) ) is now available.
CCT Fortis Holdings Limited has agreed to dispose of a 95% stake in a subsidiary, referred to as the Target Company, for HK$17.1 million to Entex International Holding Limited, with completion having taken place on 31 December 2025. The consideration, settled in cash within 30 days of completion, was set following arm’s length negotiations and benchmarked against an independent valuation of HK$17.9 million, and the board considers the terms fair and reasonable; as a result of the transaction, the Target Company will cease to be a subsidiary and its results will no longer be consolidated into the group’s financial statements, constituting a discloseable transaction under Hong Kong listing rules.
The most recent analyst rating on (HK:0138) stock is a Sell with a HK$0.07 price target. To see the full list of analyst forecasts on CCT Fortis Holdings Limited stock, see the HK:0138 Stock Forecast page.
More about CCT Fortis Holdings Limited
CCT Fortis Holdings Limited is a Hong Kong-listed investment holding company incorporated in the Cayman Islands and continued in Bermuda, with operations conducted through wholly owned subsidiaries. The group participates in various businesses and manages its portfolio through acquisitions and disposals of equity interests in subsidiaries and related entities.
Average Trading Volume: 483,158
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$112M
For a thorough assessment of 0138 stock, go to TipRanks’ Stock Analysis page.