tiprankstipranks
Trending News
More News >

Huasheng International Announces Sale of Majority Stake in Chengxin Finance

Story Highlights
Huasheng International Announces Sale of Majority Stake in Chengxin Finance

Confident Investing Starts Here:

Huasheng International Holding Limited ( (HK:1323) ) has shared an update.

Huasheng International Holding Limited has announced a discloseable transaction involving the sale of 65% share capital in Chengxin Finance Limited. The transaction, valued at HK$32.5 million, involves a purchaser who is a licensed money lender in Hong Kong. This disposal is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring notification and announcement due to its applicable percentage ratios.

More about Huasheng International Holding Limited

Huasheng International Holding Limited is a company incorporated in the Cayman Islands with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1323.

YTD Price Performance: -20.78%

Average Trading Volume: 1,252,033

Technical Sentiment Signal: Buy

Current Market Cap: HK$138.3M

Find detailed analytics on 1323 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1