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Cinda International Holdings Limited ( (HK:0111) ) has provided an announcement.
Cinda International Holdings Limited announced updates on the proposed mergers involving its indirect controlling shareholder, Cinda Securities, alongside CICC and Dongxing Securities. The post-merger company led by CICC will integrate all assets, liabilities, and operations of the merging companies, ultimately positioning CICC as the controlling entity. This strategic development is aimed at streamlining operations and consolidating resources for better market positioning. The company noted regulatory confirmations ensure no mandatory general offer would be invoked. Stakeholders are advised to monitor developments closely as further announcements will follow in accordance with applicable laws.
The most recent analyst rating on (HK:0111) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Cinda International Holdings Limited stock, see the HK:0111 Stock Forecast page.
More about Cinda International Holdings Limited
Cinda International Holdings Limited, incorporated in Bermuda, operates in the financial industry, providing a range of asset management and securities services with a focus on facilitating investment opportunities and managing financial portfolios in Hong Kong. It is indirectly controlled by Cinda Securities, which is backed by China Cinda Asset Management Co., Ltd.
Average Trading Volume: 1,914,393
Technical Sentiment Signal: Buy
Current Market Cap: HK$365.5M
See more data about 0111 stock on TipRanks’ Stock Analysis page.