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Qidian International Co., Ltd. ( (HK:1280) ) has issued an update.
China Qidian Guofeng Holdings Limited has announced a significant legal development concerning its subsidiary. The Jiangsu Yangzhou Intermediate People’s Court has overturned a previous judgment against the company, dismissing all claims by Nanjing Haihuitong. This ruling removes a litigation risk and is not expected to adversely affect the company’s operations, financial position, or cash flows.
The most recent analyst rating on (HK:1280) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Qidian International Co., Ltd. stock, see the HK:1280 Stock Forecast page.
More about Qidian International Co., Ltd.
Average Trading Volume: 1,005,585
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.57B
For detailed information about 1280 stock, go to TipRanks’ Stock Analysis page.