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Digital China Holdings ( (HK:0861) ) has issued an update.
Digital China Holdings has announced that its indirect wholly owned subsidiary DC Software will acquire approximately 6.20% of Shenqi Digital Company Limited from investor Changchun Financial for about RMB522.4 million, following Changchun Financial’s exercise of a previously granted put option triggered by Shenqi Digital not achieving a stock exchange listing by the end of 2025. The deal, which is subject to an independent valuation confirming the sale price is not above the agreed consideration and is expected to complete by 27 March 2026, will raise the group’s stake in Shenqi Digital from roughly 83.65% to about 89.85%, with the company stating that the transaction will not have a material impact on its overall business or operations while further consolidating its control over this core subsidiary.
The most recent analyst rating on (HK:0861) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Digital China Holdings stock, see the HK:0861 Stock Forecast page.
More about Digital China Holdings
Digital China Holdings Limited is a Hong Kong-listed technology group engaged in digital infrastructure, software and IT services, operating through subsidiaries such as DC Software and Shenqi Digital Company Limited. The group focuses on providing digital solutions and platforms in mainland China, and consolidates its position by holding controlling stakes in key software and digital service units.
Average Trading Volume: 3,050,312
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.14B
See more data about 0861 stock on TipRanks’ Stock Analysis page.