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China Energy Storage Technology Announces Change in Substantial Shareholder

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China Energy Storage Technology Announces Change in Substantial Shareholder

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Link-Asia International Medtech Group Ltd. ( (HK:1143) ) has provided an announcement.

China Energy Storage Technology Development Limited has announced a change in its substantial shareholder structure. Mr. Chen Dezhu, a major shareholder, has sold his 23.1% stake in the company to Fame Castle Enterprises Limited, which is owned by directors of the company’s subsidiaries. This transfer results in Fame Castle Enterprises becoming a substantial shareholder, holding 23.6% of the company’s shares, potentially impacting the company’s governance and strategic direction.

The most recent analyst rating on (HK:1143) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Link-Asia International Medtech Group Ltd. stock, see the HK:1143 Stock Forecast page.

More about Link-Asia International Medtech Group Ltd.

China Energy Storage Technology Development Limited operates in the energy storage industry, focusing on developing and managing technologies related to energy storage solutions.

Average Trading Volume: 931,125

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$88.59M

Learn more about 1143 stock on TipRanks’ Stock Analysis page.

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