Guangdong Join-Share Major Shareholder to Sell 60 Million Domestic Shares While Retaining Control

The latest update is out from Guangdong Join-Share Financing Guarantee Investment Co., Ltd. Class H ( (HK:1543) ).

Guangdong Join-Share Financing Guarantee Investment Co., Ltd. announced that its substantial shareholder Foshan Financial Investment has agreed to dispose of 60 million domestic shares of the company to six independent investors for RMB76.914 million under a property transaction agreement, subject to settlement and confirmation by the GuangDong United Assets and Equity Exchange. Following the transaction, Foshan Financial Investment will remain the company’s single largest shareholder, retaining an approximate 24.16% stake, and the company does not expect the disposal to adversely affect the group’s operations, while cautioning shareholders and potential investors that the deal may or may not proceed as it remains conditional.

The most recent analyst rating on (HK:1543) stock is a Hold with a HK$0.33 price target. To see the full list of analyst forecasts on Guangdong Join-Share Financing Guarantee Investment Co., Ltd. Class H stock, see the HK:1543 Stock Forecast page.

More about Guangdong Join-Share Financing Guarantee Investment Co., Ltd. Class H

Guangdong Join-Share Financing Guarantee Investment Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong, operating in the financing guarantee and related financial services sector through its group subsidiaries. The company focuses on providing credit enhancement and guarantee services that support financing needs in its domestic market, with a shareholder base that includes substantial institutional investors such as Foshan Financial Investment.

Average Trading Volume: 565,459

Technical Sentiment Signal: Sell

Current Market Cap: HK$483.8M

For a thorough assessment of 1543 stock, go to TipRanks’ Stock Analysis page.