Digital China Group Plans Significant Shareholding Increase

The latest announcement is out from Digital China Holdings ( (HK:0861) ).

Digital China Holdings Limited announced that Digital China Group Co., Ltd. (DCG), which is partially owned by the company’s Chairman and CEO, Mr. Guo Wei, intends to increase its shareholdings in the company by RMB428 million over the next 12 months. This strategic move is designed to strengthen DCG’s position in the company without triggering a mandatory takeover offer, as the total shareholding will remain below 29.9%. The company assures that sufficient public float will be maintained, and advises shareholders and potential investors to exercise caution due to market condition dependencies.

The most recent analyst rating on (HK:0861) stock is a Buy with a HK$4.29 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 operates in the technology sector, focusing on providing IT services and solutions. The company is involved in digital transformation initiatives and offers a range of products and services tailored to enhance business operations and efficiency.

YTD Price Performance: -18.79%

Average Trading Volume: 4,237,462

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.05B

For a thorough assessment of 0861 stock, go to TipRanks’ Stock Analysis page.