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An update from China Hongqiao Group Ltd. ( (HK:1378) ) is now available.
China Hongqiao Group Limited announced that the Mergers, Acquisitions and Reorganization Review Committee of the Shenzhen Stock Exchange has approved a transaction involving the issuance of new shares by Hontron Holding to existing shareholders of Hongtuo Industrial. This transaction, subject to certain conditions, aims to acquire target shares, potentially impacting the company’s market operations and stakeholder interests. Shareholders and investors are advised to exercise caution as the transaction’s completion is contingent on further regulatory approvals.
The most recent analyst rating on (HK:1378) stock is a Buy with a HK$37.40 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. The company focuses on aluminum production and related power generation, positioning itself as a significant player in the industrial sector.
Average Trading Volume: 44,557,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$323.5B
Learn more about 1378 stock on TipRanks’ Stock Analysis page.