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China Aerospace International Holdings Limited ( (HK:0031) ) has shared an announcement.
China Aerospace International Holdings Limited has partially exited its investment in Rayitek by disposing of a significant portion of its convertible bonds and a small tranche of shares in the Shenzhen-listed company via open-market transactions. Through its wholly owned subsidiary CASIL New Century, the group sold Rayitek convertible bonds with an aggregate principal of RMB58.994 million for about RMB70.839 million and 1.49 million Rayitek shares for about RMB28.784 million, bringing total proceeds to roughly RMB99.623 million. Despite these disposals, China Aerospace International retains Rayitek as an associate, continuing to hold RMB41.5 million in principal amount of Rayitek convertible bonds and approximately 22.55% of its issued share capital, meaning Rayitek’s results will still be equity-accounted in the group’s consolidated financial statements. The aggregated transaction size meets the threshold for a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement obligations but not shareholder approval, and indicates a measured portfolio rebalancing rather than a strategic exit from Rayitek.
The most recent analyst rating on (HK:0031) stock is a Hold with a HK$0.64 price target. To see the full list of analyst forecasts on China Aerospace International Holdings Limited stock, see the HK:0031 Stock Forecast page.
More about China Aerospace International Holdings Limited
China Aerospace International Holdings Limited is a Hong Kong-incorporated investment holding company engaged in aerospace-related and high-technology businesses through its subsidiaries and associates. Its activities include investments in advanced materials and electronics companies such as Rayitek, reflecting a strategic focus on technology sectors aligned with China’s broader aerospace and industrial development.
Average Trading Volume: 15,564,764
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.97B
Find detailed analytics on 0031 stock on TipRanks’ Stock Analysis page.