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Huazhong In-Vehicle Forms RMB100 Million Partnership in Discloseable Deal

Story Highlights
  • Huazhong In-Vehicle’s unit joins partners to form a RMB100.01 million limited partnership in China.
  • The partnership qualifies as a discloseable transaction, with delayed announcement highlighting compliance oversight.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Huazhong In-Vehicle Forms RMB100 Million Partnership in Discloseable Deal

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The latest update is out from Huazhong In-Vehicle Holdings Company Limited ( (HK:6830) ).

Huazhong In-Vehicle Holdings Company Limited has formed a limited partnership via its indirect wholly owned subsidiary Ningbo Huazhong, alongside Ningbo Yangming and Ningbo Gongyun as limited partners and Ningbo Xintao as general partner and manager. The partnership has a total committed capital of RMB100.01 million, with Ningbo Huazhong contributing RMB50 million, and the transaction qualifies as a discloseable transaction under Hong Kong listing rules, requiring public notification but no shareholder approval; the company also disclosed that, due to an inadvertent oversight, it failed to announce the partnership formation in a timely manner as required by the listing rules, underscoring its ongoing compliance obligations.

The most recent analyst rating on (HK:6830) stock is a Hold with a HK$0.24 price target. To see the full list of analyst forecasts on Huazhong In-Vehicle Holdings Company Limited stock, see the HK:6830 Stock Forecast page.

More about Huazhong In-Vehicle Holdings Company Limited

Huazhong In-Vehicle Holdings Company Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries such as Ningbo Huazhong and is engaged in the in-vehicle components sector, focusing on automotive-related manufacturing and investment activities in mainland China.

Average Trading Volume: 1,242,261

Technical Sentiment Signal: Sell

Current Market Cap: HK$460M

For a thorough assessment of 6830 stock, go to TipRanks’ Stock Analysis page.

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