Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
China Tonghai International Financial Limited ( (HK:0952) ) has shared an announcement.
China Tonghai International Financial Limited is involved in a discloseable transaction concerning the disposal of securities related to HealthKonnect, a private company. The transaction is part of the company’s strategy to optimize its investment portfolio and reallocate resources, as HealthKonnect has not distributed any dividend income since their initial investment in 2017. The disposal will allow China Tonghai to partially repay its borrowings and reduce financial costs, although it will result in a downward adjustment of the carrying value of the disposal shares.
More about China Tonghai International Financial Limited
YTD Price Performance: -1.46%
Average Trading Volume: 44,239
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.24B
For detailed information about 0952 stock, go to TipRanks’ Stock Analysis page.