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Huabang Technology Acquires Majority Stake in Target Company

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Huabang Technology Acquires Majority Stake in Target Company

Confident Investing Starts Here:

Huabang Technology Holdings Limited ( (HK:3638) ) just unveiled an update.

Huabang Technology Holdings Limited has announced a discloseable transaction involving the acquisition of 82% of the share capital of a target company, making it a wholly-owned subsidiary. The acquisition, valued at HK$1,400,000, will be settled in cash and is subject to certain conditions. This move is expected to consolidate the target company’s results into Huabang’s financial statements, potentially impacting its market position and financial performance.

More about Huabang Technology Holdings Limited

Average Trading Volume: 249,972

Technical Sentiment Signal: Buy

Current Market Cap: HK$306.2M

For a thorough assessment of 3638 stock, go to TipRanks’ Stock Analysis page.

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