Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Hong Kong Shanghai Alliance Holdings ( (HK:1001) ).
Hong Kong Shanghai Alliance Holdings Limited has announced a proposed capital contribution to its associate, Skyline Holdings, which involves an interest-free shareholder loan from its subsidiary, Top Bloom, and a JV Partner. This transaction is categorized as a discloseable transaction under the Listing Rules, requiring reporting and announcement but not shareholder approval. The capital contribution is intended to settle loans principal of Skyline Holdings and will be funded by the Group’s internal resources.
The most recent analyst rating on (HK:1001) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hong Kong Shanghai Alliance Holdings stock, see the HK:1001 Stock Forecast page.
More about Hong Kong Shanghai Alliance Holdings
Hong Kong Shanghai Alliance Holdings Limited is an investment holding company incorporated in Bermuda, with its shares listed on the main board of the Stock Exchange. The company is primarily engaged in the distribution and processing of construction materials such as steel products, trading of sanitary wares and kitchen cabinets, and also operates in property investment and fund management.
Average Trading Volume: 181,349
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$241.8M
See more insights into 1001 stock on TipRanks’ Stock Analysis page.