Chanjet Information Technology Gains Approval for H Share Full Circulation

Chanjet Information Technology Co., Ltd. Class H ( (HK:1588) ) has provided an update.

Chanjet Information Technology Co., Ltd. announced that it has received approval from the Hong Kong Stock Exchange for the full circulation of its H Shares. This approval allows the conversion and listing of 53,401,211 H Shares, representing 16.39% of the company’s total issued shares, involving ten participating shareholders. This development is expected to enhance the company’s market presence and provide greater liquidity for its shares, potentially benefiting stakeholders by increasing the accessibility and attractiveness of the company’s stock.

The most recent analyst rating on (HK:1588) stock is a Buy with a HK$11.88 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, primarily involved in the technology sector. The company focuses on providing information technology solutions and services, with a market emphasis on enhancing technological infrastructure and operations.

Average Trading Volume: 81,946

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.09B

For an in-depth examination of 1588 stock, go to TipRanks’ Stock Analysis page.