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Central China Management Company Limited ( (HK:9982) ) just unveiled an announcement.
Central China Management Company Limited announced that controlling shareholder Joy Bright Investments Limited, wholly owned by chairman Wu Po Sum, has sold 386,562,000 shares, or about 10% of the company’s issued share capital, to King Link International Investment Limited for approximately HK$39.8 million. Following the transaction, Joy Bright’s stake falls from about 45.13% to 35.13%, but it remains the company’s controlling and largest shareholder, while the purchaser becomes a substantial shareholder with a 10% holding; the board stated it does not expect any material adverse impact on the group’s operations, though shareholders and potential investors are urged to exercise caution when trading the company’s shares.
The most recent analyst rating on (HK:9982) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Central China Management Company Limited stock, see the HK:9982 Stock Forecast page.
More about Central China Management Company Limited
Central China Management Company Limited is a Hong Kong–listed company incorporated in the Cayman Islands, operating under stock code 9982. The company is part of the Central China group, with its controlling shareholder Joy Bright Investments Limited ultimately owned by chairman and non-executive director Wu Po Sum.
Average Trading Volume: 53,687,618
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$398.2M
Learn more about 9982 stock on TipRanks’ Stock Analysis page.