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Huabang Technology Holdings Limited ( (HK:3638) ) has issued an update.
Huabang Technology Holdings Limited has announced a supplemental update regarding its acquisition of 82% of the issued share capital of a target company within the insurance industry. The target company experienced a seasonal decline in revenue and an increase in losses for the first quarter of 2025, attributed to the off-season nature of the insurance sector during the Chinese New Year period. Despite this, the acquisition was negotiated at a favorable discount due to the vendor’s financial difficulties, with the market value of the acquired interest significantly exceeding the consideration paid.
The most recent analyst rating on (HK:3638) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Huabang Technology Holdings Limited stock, see the HK:3638 Stock Forecast page.
More about Huabang Technology Holdings Limited
Average Trading Volume: 546,701
Technical Sentiment Signal: Buy
Current Market Cap: HK$585.7M
For a thorough assessment of 3638 stock, go to TipRanks’ Stock Analysis page.