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Chaoju Eye Care Holdings Ltd. ( (HK:2219) ) has provided an announcement.
Chaoju Eye Care Holdings Ltd. has announced that its subsidiary, Chaoju Medical Technology, has subscribed to wealth management products offered by BOC, totaling RMB240 million. This transaction, funded by surplus cash, is part of a series of similar subscriptions and is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules. The subscription is expected to impact the company’s financial strategy by utilizing surplus cash for investment purposes, potentially influencing its financial positioning and offering insights into its cash management practices.
The most recent analyst rating on (HK:2219) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Chaoju Eye Care Holdings Ltd. stock, see the HK:2219 Stock Forecast page.
More about Chaoju Eye Care Holdings Ltd.
Chaoju Eye Care Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in the eye care industry. It operates through its subsidiary, Chaoju Medical Technology, focusing on providing eye care services and related medical technology solutions.
Average Trading Volume: 913,846
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.9B
See more insights into 2219 stock on TipRanks’ Stock Analysis page.