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China Hongqiao Group Ltd. ( (HK:1378) ) has provided an update.
China Hongqiao Group Limited announced that its controlling shareholder, China Hongqiao Holdings Limited, has increased its stake in the company by purchasing 7,500,000 shares, raising its ownership to approximately 64.02%. This move, reflecting confidence in the company’s future prospects, ensures compliance with public float requirements and suggests potential further investments.
The most recent analyst rating on (HK:1378) stock is a Buy with a HK$39.00 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 in the Cayman Islands, primarily engaged in the aluminum industry. It is known for its production and supply of aluminum products and holds a significant market position.
Average Trading Volume: 35,402,831
Technical Sentiment Signal: Buy
Current Market Cap: HK$319.2B
For detailed information about 1378 stock, go to TipRanks’ Stock Analysis page.