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The latest update is out from Homeland Interactive Technology Ltd. ( (HK:3798) ).
Homeland Interactive Technology Ltd. disclosed that between 7 February and 29 November 2024 it subscribed to various wealth management products from several financial institutions using its idle self-owned funds, including investments in the GaoTeng WeValue USD Money Market Fund, a Hong Kong-domiciled fund targeting money market returns with capital preservation. While each individual subscription was below the threshold for separate disclosure under Hong Kong listing rules, the aggregated value of subscriptions with the same institutions pushed the relevant percentage ratio above 5% but below 25%, making them disclosable transactions subject to reporting and announcement requirements, underscoring the company’s active treasury management and the regulatory scrutiny on its use of surplus liquidity.
The most recent analyst rating on (HK:3798) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Homeland Interactive Technology Ltd. stock, see the HK:3798 Stock Forecast page.
More about Homeland Interactive Technology Ltd.
Homeland Interactive Technology Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates in the interactive technology and entertainment sector. The group manages its capital deployment to balance operational needs with returns on idle cash through financial products and investments offered by established institutions.
Average Trading Volume: 1,290,198
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.86B
For detailed information about 3798 stock, go to TipRanks’ Stock Analysis page.