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Chongqing Machinery & Electric Co. Ltd. Class H ( (HK:2722) ) has shared an announcement.
Chongqing Machinery & Electric Co., Ltd. announced a significant change in the shareholding structure of its controlling shareholder, CQMEHG. Yufu Holding will increase its capital in CQMEHG by RMB5,000 million and acquire a 44.58% equity interest. Additionally, Chongqing SASAC will transfer a 35.42% equity interest to Yufu Holding, resulting in Yufu Holding holding an 80% equity interest in CQMEHG. This internal restructuring positions Yufu Holding as the direct controlling shareholder of CQMEHG and the indirect controlling shareholder of Chongqing Machinery & Electric Co., Ltd., while Chongqing SASAC remains the ultimate controlling shareholder.
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 the production and distribution of machinery and electrical products. The company is publicly traded on the Hong Kong Stock Exchange.
YTD Price Performance: 40.0%
Average Trading Volume: 2,811
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €466.3M
Find detailed analytics on 2722 stock on TipRanks’ Stock Analysis page.