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The latest update is out from Guangdong – Hong Kong Greater Bay Area Holdings Ltd. ( (HK:1396) ).
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. announced the termination of Subscription Agreement B with Subscriber B due to its classification as a connected transaction under the Listing Rules, which could not proceed under the General Mandate. The termination is not expected to adversely impact the company’s business or financial conditions. Subscription Agreement A remains effective, and the company plans to use the proceeds for general working capital, particularly in AI cloud services, project construction, and operational expenses. Trading of shares was temporarily halted but has resumed following the announcement.
The most recent analyst rating on (HK:1396) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Guangdong – Hong Kong Greater Bay Area Holdings Ltd. stock, see the HK:1396 Stock Forecast page.
More about Guangdong – Hong Kong Greater Bay Area Holdings Ltd.
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on the delivery of AI computing power cloud services. The company is involved in project construction and daily operations, with a significant portion of its resources allocated to these areas.
Average Trading Volume: 2,819,658
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.6B
For an in-depth examination of 1396 stock, go to TipRanks’ Overview page.