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China Hongqiao Group Ltd. ( (HK:1378) ) has shared an update.
China Hongqiao Group Limited announced a transaction involving the issuance of new shares by its subsidiary, Hontron Holding, to acquire 100% equity interest in Hongtuo Industrial from existing shareholders. This transaction will increase the company’s indirect shareholding in Hontron Holding to approximately 88.99% while slightly reducing its stake in Hongtuo Industrial. The transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement but not shareholder approval.
The most recent analyst rating on (HK:1378) stock is a Buy with a HK$18.00 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 company incorporated under the laws of the Cayman Islands, primarily involved in the aluminum industry. It operates through subsidiaries such as Weiqiao Aluminum & Power, focusing on aluminum production and related industrial activities.
Average Trading Volume: 42,976,343
Technical Sentiment Signal: Buy
Current Market Cap: HK$142.1B
See more data about 1378 stock on TipRanks’ Stock Analysis page.