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China Harmony Auto Holding Limited ( (HK:3836) ) has shared an announcement.
China Harmony Auto Holding Limited has announced a proposed subscription and deemed disposal of equity interest in a subsidiary. The transaction involves a Share Subscription Agreement where a subscriber will conditionally acquire 9.9999% of the enlarged issued share capital of a non-wholly owned subsidiary. This will result in the company’s shareholding in the subsidiary being diluted from 55.00% to 49.5001%, although it will retain control over 90.0001% of voting rights. The transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement.
The most recent analyst rating on (HK:3836) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China Harmony Auto Holding Limited stock, see the HK:3836 Stock Forecast page.
More about China Harmony Auto Holding Limited
China Harmony Auto Holding Limited is a company incorporated in the Cayman Islands, operating in the automotive industry. It is involved in the business of auto sales and services, focusing on providing high-quality automotive products and services to its customers.
YTD Price Performance: 319.64%
Average Trading Volume: 3,391,883
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.44B
For a thorough assessment of 3836 stock, go to TipRanks’ Stock Analysis page.