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The latest update is out from Haitian International Holdings ( (HK:1882) ).
Haitian International Holdings has agreed to dispose of 100% of its equity interest in Guohua Machinery, a PRC-based company that leases factory buildings and supporting assets in Ningbo, to connected party Haitian Zhisheng for approximately RMB342.36 million in cash. Following completion, the group will no longer hold any interest in Guohua Machinery, and the deal, classified as a connected transaction under Hong Kong’s Listing Rules, is subject only to reporting and announcement requirements, suggesting a streamlined approval process and a potential rebalancing of the group’s asset portfolio and related-party exposure without the need for independent shareholder approval.
The most recent analyst rating on (HK:1882) stock is a Buy with a HK$26.70 price target. To see the full list of analyst forecasts on Haitian International Holdings stock, see the HK:1882 Stock Forecast page.
More about Haitian International Holdings
Haitian International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including GH Enterprise, and has exposure to industrial assets in mainland China, such as factory buildings and related facilities in Ningbo, Zhejiang Province, held via its wholly owned unit Guohua Machinery.
YTD Price Performance: 0.45%
Average Trading Volume: 1,851,925
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$35.53B
Find detailed analytics on 1882 stock on TipRanks’ Stock Analysis page.