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The latest announcement is out from China Travel International Investment Hong Kong ( (HK:0308) ).
China Travel International Investment Hong Kong Limited has announced an extraordinary general meeting to discuss significant financial restructuring. The company plans a capital reduction from HK$9,222,295,000 to HK$722,295,000, which will allow the transfer of credit to retained profits and create a distributable reserve. Additionally, the company seeks approval for a Proposed Distribution and a Possible Transaction, which includes a cash consideration and other strategic financial maneuvers. These initiatives are aimed at optimizing the company’s financial structure and enhancing shareholder value.
The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.
More about China Travel International Investment Hong Kong
YTD Price Performance: 74.00%
Average Trading Volume: 58,132,090
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$9.63B
For detailed information about 0308 stock, go to TipRanks’ Stock Analysis page.