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Cogobuy Group ( (HK:0400) ) has provided an announcement.
Ingdan, Inc. has announced that it has received approval from the Stock Exchange to proceed with the proposed spin-off and A-share listing of its subsidiary, Shenzhen Comtech Limited, on a stock exchange in the PRC. This move will reduce Ingdan’s equity interest in Comtech and is considered a major transaction under the Listing Rules, requiring further disclosures and approvals. The spin-off and listing are subject to regulatory approvals and market conditions, and the company advises caution to shareholders and potential investors.
The most recent analyst rating on (HK:0400) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Cogobuy Group stock, see the HK:0400 Stock Forecast page.
More about Cogobuy Group
Average Trading Volume: 6,558,147
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.31B
Find detailed analytics on 0400 stock on TipRanks’ Stock Analysis page.