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Gushengtang Holdings Limited ( (HK:2273) ) just unveiled an update.
Gushengtang Holdings Limited, through its wholly-owned subsidiary Gushengtang Singapore, has entered into a Share Subscription Agreement with Tu Health Care. Under this agreement, Tu Health Care will make a capital contribution of SGD1.6 million, resulting in Gushengtang Singapore being owned approximately 83.16% by Gushengtang Holdings and 16.84% by Tu Health Care. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules, due to the relationship between Mr. Tu, a key executive of Gushengtang Holdings, and Tu Health Care.
The most recent analyst rating on (HK:2273) stock is a Buy with a HK$65.00 price target. To see the full list of analyst forecasts on Gushengtang Holdings Limited stock, see the HK:2273 Stock Forecast page.
More about Gushengtang Holdings Limited
Average Trading Volume: 3,266,458
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.05B
Find detailed analytics on 2273 stock on TipRanks’ Stock Analysis page.