Changhong Jiahua Clears Key Regulatory Hurdle in Hong Kong Privatisation Bid

The latest update is out from Changhong Jiahua Holdings Ltd. ( (HK:3991) ).

Changhong Jiahua Holdings Limited and its controlling shareholder Hongtu Investment Co., Limited have announced that a key regulatory pre-condition has been fulfilled for the proposed privatisation of Changhong Jiahua by way of a scheme of arrangement and the subsequent withdrawal of its listing in Hong Kong. Approval has now been obtained from Mianyang City SASAC, one of four non-waivable outbound investment approvals required, while filings with the Sichuan Provincial Development and Reform Commission, the Sichuan Provincial Department of Commerce and the State Administration of Foreign Exchange remain pending. The parties emphasised that the privatisation and delisting remain uncertain until all remaining pre-conditions and scheme conditions are satisfied, and advised shareholders and potential investors to exercise caution when trading the company’s shares as they continue to work towards completing the regulatory process.

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 Limited is an investment holding company incorporated in Hong Kong and listed in Bermuda, operating in the technology and electronics distribution sector. The group is part of the broader Changhong ecosystem and focuses on IT products, consumer electronics and related services within mainland China and overseas markets, leveraging state-owned enterprise affiliations for market access and regulatory support.

Average Trading Volume: 1,157,960

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.9B

See more insights into 3991 stock on TipRanks’ Stock Analysis page.