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Huitongda Network Co., Ltd. Class H ( (HK:9878) ) has shared an update.
Huitongda Network Co., Ltd. announced a strategic financial decision to use its capital reserves to offset accumulated losses amounting to RMB2,065.456 million, primarily due to interest expenses from financial liabilities before its IPO. This move aims to strengthen the company’s financial foundation, enabling better conditions for future dividend distributions and enhancing shareholder value, pending approval at the upcoming general meeting.
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
Huitongda Network Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on leveraging its capital reserves to manage financial liabilities and enhance shareholder value.
Average Trading Volume: 1,926,665
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.83B
For an in-depth examination of 9878 stock, go to TipRanks’ Overview page.