TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
China Modern Dairy Holdings Ltd. ( (HK:1117) ) has issued an update.
China Modern Dairy Holdings Ltd. has entered into conditional agreements to purchase shares of China Shengmu Organic Milk Limited, totaling 107,200,000 shares for HK$37,520,000. This transaction is part of a broader strategic move, including a possible mandatory conditional cash offer and a major connected transaction, to strengthen its influence in the organic milk market. Additionally, Start Great has granted an irrevocable voting proxy to China Modern Dairy over a significant portion of its shares, enhancing CMD’s decision-making power within China Shengmu.
The most recent analyst rating on (HK:1117) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on China Modern Dairy Holdings Ltd. stock, see the HK:1117 Stock Forecast page.
More about China Modern Dairy Holdings Ltd.
China Modern Dairy Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in the dairy industry. It focuses on the production and distribution of dairy products, with a market focus on organic milk through its association with China Shengmu Organic Milk Limited.
Average Trading Volume: 25,085,317
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.55B
Learn more about 1117 stock on TipRanks’ Stock Analysis page.