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An announcement from China Vered Financial Holding Corporation Limited ( (HK:0245) ) is now available.
China Vered Financial Holding Corporation Limited, through its indirect wholly-owned subsidiary, has entered into agreements to acquire additional shares in a target company, increasing its interest to approximately 52.44% of the issued Class A Shares. Despite this increased stake, the company will not have control or significant influence over the target company, as Class A Shares do not carry voting rights, and thus the target company will not be considered a subsidiary. The acquisitions, with a total consideration of HK$514,100,000, are classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, requiring notification and announcement.
More about China Vered Financial Holding Corporation Limited
YTD Price Performance: 45.45%
Average Trading Volume: 34,517,614
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.38B
For an in-depth examination of 0245 stock, go to TipRanks’ Overview page.