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Hengxin Technology Ltd. ( (HK:1085) ) just unveiled an announcement.
Hengxin Technology Ltd. announced the disposal of a 39% equity interest in a target company for RMB500 million, which will result in the target becoming a non-wholly owned subsidiary while still consolidating its financial results with Hengxin. This transaction, classified as both a major and connected transaction under Hong Kong’s Listing Rules, requires shareholder approval and involves connected persons, necessitating abstention from voting by certain interested parties.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
More about Hengxin Technology Ltd.
Hengxin Technology Ltd. operates in the technology sector and is incorporated in the Republic of Singapore. The company conducts business in Hong Kong under the name HX Singapore Ltd. and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 191,000
Technical Sentiment Signal: Hold
Current Market Cap: HK$828.8M
See more data about 1085 stock on TipRanks’ Stock Analysis page.