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Hisense Home Appliances Group Co ( (HK:0921) ) has provided an announcement.
Hisense Home Appliances Group has repurchased and cancelled 755,634 unvested restricted shares from 96 participants under its incentive scheme, following resignations, role changes and unmet performance targets, reducing total share capital to 1,384,861,171 shares. This technical adjustment slightly lowers registered capital without affecting core operations.
The company proposes to broaden its business scope to include big data services, IoT research, manufacturing and related data processing and control technologies, signalling a deeper push into digital and smart-home capabilities. It also plans to shift its registered address from Foshan in Guangdong to Qingdao in Shandong, a move the company says will not affect its existing production bases or business layout in the Guangdong region.
The most recent analyst rating on (HK:0921) stock is a Buy with a HK$26.00 price target. To see the full list of analyst forecasts on Hisense Home Appliances Group Co stock, see the HK:0921 Stock Forecast page.
More about Hisense Home Appliances Group Co
Hisense Home Appliances Group Co., Ltd. is a PRC‑incorporated manufacturer of household electrical appliances, including refrigerators, freezers and HVAC products, with a strong presence in smart home consumer equipment and mechanical and electrical equipment. The company sells its products and related services domestically and internationally, supported by core production bases and a significant business layout in Guangdong.
YTD Price Performance: -9.49%
Average Trading Volume: 938,667
Technical Sentiment Signal: Hold
Current Market Cap: HK$32.95B
For detailed information about 0921 stock, go to TipRanks’ Stock Analysis page.