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Everbright Securities Company Limited Class H ( (HK:6178) ) has issued an announcement.
Everbright Securities has disclosed progress in a major investor lawsuit linked to its role as independent financial adviser for Jin Tong Ling Technology Group’s 2018 share issuance and asset acquisition deal, in which the brokerage is one of 26 named defendants. The Nanjing Intermediate People’s Court has ordered Jin Tong Ling to pay RMB774.8 million in compensation to more than 43,000 investors for investment losses, but the court has yet to rule on any civil liability claims against Everbright Securities and the other defendants, leaving the potential financial impact on the firm’s current and future profitability uncertain as the case continues.
The most recent analyst rating on (HK:6178) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Everbright Securities Company Limited Class H stock, see the HK:6178 Stock Forecast page.
More about Everbright Securities Company Limited Class H
Everbright Securities Company Limited is a PRC-incorporated securities firm listed in Hong Kong that provides investment banking and securities services, including acting as an independent financial adviser on share issuance, asset acquisitions and fundraising transactions for Chinese listed companies.
Average Trading Volume: 3,670,313
Technical Sentiment Signal: Buy
Current Market Cap: HK$83.37B
For a thorough assessment of 6178 stock, go to TipRanks’ Stock Analysis page.