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Haier Smart Home Expands Through Strategic Acquisition

Story Highlights
  • Haier Smart Home focuses on smart home solutions and is part of Haier Group.
  • Haier Carrier acquires Haiyunlian’s equity, impacting connected transactions under Hong Kong rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Haier Smart Home Expands Through Strategic Acquisition

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Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) has shared an update.

Haier Smart Home Co., Ltd. announced that its subsidiary, Haier Carrier, has entered into an Equity Transfer Agreement to acquire 100% of Haiyunlian’s equity interest from Haier Industrial Development. This transaction, along with a previous capital contribution to Qingdao Haiyi Wenhua Commercial Management Co., Ltd., constitutes a connected transaction under Hong Kong Listing Rules. The transactions are aggregated due to their related nature within the past 12 months, requiring announcement and reporting but exempt from independent shareholders’ approval.

The most recent analyst rating on (HK:6690) stock is a Buy with a HK$32.00 price target. To see the full list of analyst forecasts on Haier Smart Home Co., Ltd. Class H stock, see the HK:6690 Stock Forecast page.

More about Haier Smart Home Co., Ltd. Class H

Haier Smart Home Co., Ltd. is a leading company in the home appliance industry, specializing in smart home solutions. It is part of the Haier Group, which holds a significant share of the company’s voting rights, and focuses on innovative technologies and connected home products.

Average Trading Volume: 16,447,646

Technical Sentiment Signal: Buy

Current Market Cap: HK$257.6B

See more data about 6690 stock on TipRanks’ Stock Analysis page.

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