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Changhong Jiahua Holdings Ltd. ( (HK:3991) ) has issued an update.
Changhong Jiahua Holdings Ltd. has announced a delay in the dispatch of its scheme document related to a pre-conditional proposal for its privatization by Hongtu Investment Co., Limited. The delay is due to the non-fulfillment of certain pre-conditions, for which an extension has been sought and is likely to be granted. The company is actively working towards meeting these pre-conditions, with the involvement of Somerley Capital Limited as the Independent Financial Adviser. The outcome of this proposal could significantly impact the company’s operational structure and market presence, pending the fulfillment of all necessary conditions.
The most recent analyst rating on (HK:3991) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Changhong Jiahua Holdings Ltd. stock, see the HK:3991 Stock Forecast page.
More about Changhong Jiahua Holdings Ltd.
Changhong Jiahua Holdings Ltd. operates in the technology sector, focusing on the provision of IT products and services. The company is primarily involved in the distribution of electronic components and IT solutions, catering to a diverse market that includes both consumer and enterprise clients.
Average Trading Volume: 1,403,967
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.9B
For a thorough assessment of 3991 stock, go to TipRanks’ Stock Analysis page.