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CK Hutchison Holdings ( (HK:0001) ) just unveiled an announcement.
CK Hutchison Holdings Limited announced that the exclusive negotiation period with a consortium regarding a transaction involving the Hutchison Ports Group has expired. However, discussions continue with the aim of including a major strategic investor from the PRC to restructure the consortium for regulatory approval. The company emphasizes that no transaction will proceed without the necessary approvals, advising investors to exercise caution.
The most recent analyst rating on (HK:0001) stock is a Hold with a HK$43.00 price target. To see the full list of analyst forecasts on CK Hutchison Holdings stock, see the HK:0001 Stock Forecast page.
More about CK Hutchison Holdings
CK Hutchison Holdings Limited is a multinational conglomerate incorporated in the Cayman Islands, with a diverse range of businesses including ports, retail, infrastructure, energy, and telecommunications. The company is listed on the Hong Kong Stock Exchange and operates globally, with a significant focus on strategic investments and partnerships.
YTD Price Performance: 33.29%
Average Trading Volume: 7,749,583
Technical Sentiment Signal: Buy
Current Market Cap: HK$204.7B
See more insights into 0001 stock on TipRanks’ Stock Analysis page.