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The latest update is out from Hope Life International Holdings Ltd. ( (HK:1683) ).
Hope Life International Holdings Ltd. has announced a major transaction involving an increase in shareholding in a non-wholly owned subsidiary and the acquisition of right-of-use assets through the issuance of convertible bonds. The company has entered into a Sale and Purchase Agreement and a Lease Agreement with the same entity, which will be aggregated for reporting purposes under the Listing Rules. The transactions are considered a major transaction and a connected transaction, but are exempt from certain requirements due to board approval and confirmation of fair terms by independent directors.
The most recent analyst rating on (HK:1683) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Hope Life International Holdings Ltd. stock, see the HK:1683 Stock Forecast page.
More about Hope Life International Holdings Ltd.
Average Trading Volume: 3,429,855
Technical Sentiment Signal: Sell
Current Market Cap: HK$839.8M
Learn more about 1683 stock on TipRanks’ Stock Analysis page.