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Central Wealth Group Holdings Limited ( (HK:0139) ) has provided an update.
Central Wealth Group Holdings Limited, a company incorporated in Bermuda, has announced a very substantial disposal of shares in Shandong Hi-Speed Holdings Group Limited. The company disposed of 65,356,000 shares on the open market for approximately HK$324.4 million due to prolonged delays from purchasers in settling outstanding considerations. This move, which exceeds 75% of applicable percentage ratios, requires shareholder approval and aims to avoid legal disputes while stabilizing the company’s financial position.
The most recent analyst rating on (HK:0139) stock is a Sell with a HK$0.20 price target. To see the full list of analyst forecasts on Central Wealth Group Holdings Limited stock, see the HK:0139 Stock Forecast page.
More about Central Wealth Group Holdings Limited
Average Trading Volume: 12,206,548
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$245.7M
For an in-depth examination of 0139 stock, go to TipRanks’ Overview page.