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GCL-Poly Energy Holdings ( (HK:3800) ) has provided an announcement.
GCL Technology Holdings Limited, a company incorporated in the Cayman Islands, has announced a significant transaction involving the acquisition of equity interests in a non-wholly owned subsidiary. The company has entered into a Partnership Agreement with several partners to establish a Limited Partnership aimed at acquiring 42.469% equity interests in the target company, ensuring it remains a non-wholly owned subsidiary. The transaction, valued at RMB2,010 million, involves multiple parties and is classified as a discloseable and connected transaction under the Hong Kong Listing Rules. The Board has approved the transaction, confirming that the terms are fair and reasonable and in the interests of the company and its shareholders.
The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
More about GCL-Poly Energy Holdings
YTD Price Performance: 7.41%
Average Trading Volume: 599,150,327
Technical Sentiment Signal: Sell
Current Market Cap: HK$38.53B
Find detailed analytics on 3800 stock on TipRanks’ Stock Analysis page.