China Hongqiao Group Advances in Share Acquisition Transaction

China Hongqiao Group Ltd. ( (HK:1378) ) has provided an announcement.

China Hongqiao Group Limited announced that the shareholders of Hontron Holding have approved a transaction involving the issuance of new shares to acquire target shares from Hongtuo Industrial’s existing shareholders. This development is a key step in the transaction process, although it remains subject to certain conditions. The outcome of this transaction could impact the company’s operations and market positioning, and stakeholders are advised to exercise caution.

The most recent analyst rating on (HK:1378) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.

More about China Hongqiao Group Ltd.

China Hongqiao Group Limited is a leading player in the aluminum industry, primarily engaged in the production of aluminum products. The company focuses on leveraging its advanced technology and resources to maintain a strong market position in the global aluminum sector.

Average Trading Volume: 40,070,506

Technical Sentiment Signal: Buy

Current Market Cap: HK$135.4B

For detailed information about 1378 stock, go to TipRanks’ Stock Analysis page.