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An announcement from Huitongda Network Co., Ltd. Class H ( (HK:9878) ) is now available.
Huitongda Network Co., Ltd. has announced its intention to acquire a 25% equity interest in a target company for approximately RMB994 million, as part of a restructuring investment agreement. This acquisition, classified as a discloseable transaction, is contingent upon court approval of the target company’s restructuring plan, introducing uncertainties about its successful implementation. Stakeholders are advised to exercise caution due to these uncertainties.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$16.50 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
Huitongda Network Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the financial and investment industry. The company focuses on restructuring investments and acquisitions, aiming to enhance its market positioning through strategic equity interests.
Average Trading Volume: 6,324,782
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.29B
For a thorough assessment of 9878 stock, go to TipRanks’ Stock Analysis page.