Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Huitongda Network Co., Ltd. Class H ( (HK:9878) ) has issued an announcement.
Huitongda Network Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has announced a significant acquisition. The company has entered into an Equity Acquisition Agreement to acquire 57% equity interest in a Target Company for RMB456 million, which will make the Target Company a subsidiary and consolidate its financial results into Huitongda’s financial statements. This acquisition is classified as a discloseable transaction under the Listing Rules, subject to certain conditions, and highlights Huitongda’s strategic expansion efforts.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
More about Huitongda Network Co., Ltd. Class H
Average Trading Volume: 1,926,665
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.83B
See more insights into 9878 stock on TipRanks’ Stock Analysis page.