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Digital China Holdings ( (HK:0861) ) has provided an announcement.
Digital China Holdings has issued a supplemental announcement clarifying details of a previously disclosed disposal by its indirect wholly owned subsidiary, Digital China Software Co., Ltd., of 11,895,200 shares in DCITS, representing about 1.22% of DCITS’s total share capital. The company confirmed that shares sold via centralized bidding on the open market went to unidentified buyers who, to the board’s knowledge after reasonable enquiries, are independent third parties, and that shares sold via block trade were placed through Shenzhen Fulai Investment Co., Ltd., whose ultimate owners and the purchaser are also considered independent of Digital China and its connected persons. The additional disclosures do not change any commercial terms or other contents of the original transaction announcement, and the company states that the earlier information remains valid and in force.
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 whose operations are conducted through subsidiaries including Digital China Software Co., Ltd., focusing on software and digital solutions in the China market. The group is overseen by a board combining executive, non-executive and independent non-executive directors, reflecting a typical governance structure for a sizable listed IT and digital services enterprise.
Average Trading Volume: 2,453,952
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$4.11B
Learn more about 0861 stock on TipRanks’ Stock Analysis page.