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Huitongda Network Co., Ltd. Class H ( (HK:9878) ) has issued an announcement.
Huitongda Network Co., Ltd. has obtained approval from the Hong Kong Stock Exchange for the listing and trading of 349,749,813 converted H shares under its H share full circulation plan, marking a key step in aligning its domestic and offshore share structure. The conversion involves 23 participating shareholders whose domestic shares will be converted into H shares, broadening the company’s free float in the Hong Kong market and potentially enhancing liquidity, investor access and the company’s capital markets profile for both existing and new stakeholders.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.00 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 PRC-incorporated joint stock company listed in Hong Kong, operating as a network-based platform enterprise that connects manufacturers, retailers and end-consumers, with a focus on serving lower-tier and rural markets through its digital commerce and supply-chain services. The company leverages its platform to improve circulation efficiency and market access for a wide range of consumer and industrial products across China.
Average Trading Volume: 371,574
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.59B
See more insights into 9878 stock on TipRanks’ Stock Analysis page.