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An update from Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ) is now available.
Chengdu Siwi Science and Technology Company Limited is planning a significant divestment by disposing of its entire equity interest in its wholly-owned subsidiary, Putian New Material, through a public tender process. The initial tender price is set at approximately RMB117,659,500, with the potential to extend the tender period and reduce the price if no buyer is found within the initial period. This move, which involves state-owned assets, could impact the company’s market positioning and requires shareholder approval due to its substantial nature.
The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Average Trading Volume: 310,114
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$392M
See more data about 1202 stock on TipRanks’ Stock Analysis page.