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Chongqing Machinery & Electric Co. Ltd. Class H ( (HK:2722) ) just unveiled an announcement.
Chongqing Machinery & Electric Co., Ltd. has entered into an Asset Transfer Agreement with Zhuoyue Company, a wholly-owned subsidiary of its Controlling Shareholder, to sell the Target Asset Package of Shengpu Technology for RMB4,885,400. This transaction is classified as a connected transaction under the Listing Rules, requiring annual review, reporting, and announcement, but exempt from circular and independent shareholders’ approval. The disposal involves transferring specific assets and liabilities related to the Chongqing Machinery and Electric Procurement Trading Platform.
The most recent analyst rating on (HK:2722) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Chongqing Machinery & Electric Co. Ltd. Class H stock, see the HK:2722 Stock Forecast page.
More about Chongqing Machinery & Electric Co. Ltd. Class H
Chongqing Machinery & Electric Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the machinery and electric industry, focusing on providing integrated services through platforms like the Chongqing Machinery and Electric Procurement Trading Platform, which encompasses procurement, payment, contracts, invoicing, and data management.
Average Trading Volume: 21,104,024
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.22B
For a thorough assessment of 2722 stock, go to TipRanks’ Stock Analysis page.