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Dah Sing Banking Group ( (HK:2356) ) has issued an announcement.
Dah Sing Banking Group announced the signing of various agreements with Dah Sing Financial Holdings Group for insurance services, distribution, agency, and business referral services. These agreements, considered continuing connected transactions under Hong Kong’s Listing Rules, are deemed fair and reasonable by the company’s board and are expected to be conducted on normal commercial terms. The transactions are subject to reporting and annual review requirements but do not require independent shareholder approval.
The most recent analyst rating on (HK:2356) stock is a Hold with a HK$9.30 price target. To see the full list of analyst forecasts on Dah Sing Banking Group stock, see the HK:2356 Stock Forecast page.
More about Dah Sing Banking Group
Dah Sing Banking Group is a Hong Kong-based holding company with subsidiaries including Dah Sing Bank (DSB) and Banco Comercial de Macau (BCM). DSB operates as a licensed bank in Hong Kong, providing banking, financial, and related services, while BCM offers banking services in Macau. The company is significantly owned by Dah Sing Financial Holdings (DSFH), which holds a 74.37% stake and is involved in insurance and pension fund management businesses.
Average Trading Volume: 1,265,224
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.11B
For a thorough assessment of 2356 stock, go to TipRanks’ Stock Analysis page.