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Digital China Holdings ( (HK:0861) ) has shared an announcement.
Digital China Holdings Limited announced a proposed disposal of up to 28,827,300 shares in its subsidiary, Digital China Information Service Group Company Ltd. (DCITS), by its controlling shareholder, Digital China Software Co., Ltd. This disposal, representing approximately 2.9543% of DCITS’s share capital, is intended to support the group’s business development and working capital. Despite the sale, DCITS will remain a subsidiary of Digital China Holdings. The company anticipates recording a gain on this disposal, which will be reflected in its consolidated statement of changes in equity. The transaction’s completion is subject to market conditions and may require compliance with Hong Kong’s Listing Rules if certain thresholds are exceeded.
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 operates in the technology industry, focusing on providing software and information services. The company is known for its market presence in digital solutions and technology services, catering to various sectors.
Average Trading Volume: 6,277,985
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$4.08B
Find detailed analytics on 0861 stock on TipRanks’ Stock Analysis page.