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Chanjet Information Technology Co., Ltd. Class H ( (HK:1588) ) has provided an announcement.
Chanjet Information Technology Co., Ltd. has announced a repurchase and cancellation of domestic shares under its 2020 Employee Share Ownership Scheme, resulting in a reduction of its registered capital. This move aims to provide an exit mechanism for scheme participants. Additionally, the company plans to use its capital reserve to offset accumulated losses, as approved in recent board and shareholder meetings. These actions are expected to streamline the company’s capital structure and address financial losses, potentially impacting its financial stability and stakeholder interests.
The most recent analyst rating on (HK:1588) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Chanjet Information Technology Co., Ltd. Class H stock, see the HK:1588 Stock Forecast page.
More about Chanjet Information Technology Co., Ltd. Class H
Chanjet Information Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on providing information technology solutions.
Average Trading Volume: 840,964
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.79B
Learn more about 1588 stock on TipRanks’ Stock Analysis page.