Deewin Tianxia Plans Full Circulation of 24.67% Stake via H-Share Conversion

The latest announcement is out from Deewin Tianxia Co. Ltd Class H ( (HK:2418) ).

Deewin Tianxia Co. Ltd has announced a plan to implement full circulation of a large block of its domestic shares by converting 538,063,606 shares held by major shareholder Shaanxi Automobile Group, representing about 24.67% of its total issued share capital, into H shares listed and tradable on the Main Board of the Hong Kong Stock Exchange. The proposed conversion, which does not require approval at a general shareholders’ meeting under the company’s articles, is contingent on filings with the China Securities Regulatory Commission and approvals from both the CSRC and the Hong Kong bourse, and, if completed, is expected to significantly increase the free float and liquidity of Deewin Tianxia’s H shares while potentially broadening its international investor base; the company cautioned shareholders and potential investors that the process remains subject to multiple regulatory procedures and further updates will be provided in due course.

The most recent analyst rating on (HK:2418) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Deewin Tianxia Co. Ltd Class H stock, see the HK:2418 Stock Forecast page.

More about Deewin Tianxia Co. Ltd Class H

Deewin Tianxia Co. Ltd is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong as a Class H share issuer, with a shareholder base that includes state-owned Shaanxi Automobile Group Co. Ltd, underscoring its links to China’s industrial and automotive supply chain ecosystem.

Average Trading Volume: 3,036,516

Technical Sentiment Signal: Buy

Current Market Cap: HK$5.44B

For a thorough assessment of 2418 stock, go to TipRanks’ Stock Analysis page.