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Coolpad Group ( (HK:2369) ) has shared an announcement.
Coolpad Group Limited has announced an extraordinary general meeting to approve the disposal of up to 1,625,000 shares in CleanSpark, Inc., a company listed on NASDAQ. The disposal will occur over a three-month period, with shares sold at a minimum price of US$14.50 or the average market price over the preceding three months, whichever is higher. This strategic move is expected to impact the company’s financial positioning and shareholder value.
The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.
More about Coolpad Group
Coolpad Group Limited is a company incorporated in the Cayman Islands with limited liability, operating in the technology sector. It is involved in the production and distribution of mobile devices and related services, focusing on innovation and consumer electronics.
YTD Price Performance: -47.06%
Average Trading Volume: 1,535,342
Technical Sentiment Signal: Sell
Current Market Cap: HK$505.6M
See more insights into 2369 stock on TipRanks’ Stock Analysis page.