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An announcement from JiaXing Gas Group Co. Ltd. Class H ( (HK:9908) ) is now available.
JiaXing Gas Group Co., Ltd. announced that a concert party agreement among key shareholders Zhejiang Taiding Investment, Zhuji Yujia New Energy Technology, executive director Xu Songqiang, and former senior manager Xu Hua has been terminated with immediate effect. Under the original arrangement, these parties were deemed to be acting in concert, with Taiding controlling their voting rights over a combined 33.18% stake in the company, meaning each was regarded as interested in the others’ shareholdings under Hong Kong securities and takeover rules. The termination removes Taiding’s control over the voting rights of the other parties and means the four shareholders are no longer treated as a concert party under the Takeovers Code or as mutually interested parties under the Securities and Futures Ordinance, potentially altering the company’s shareholder dynamics and reducing the concentrated influence previously held through the agreement.
The most recent analyst rating on (HK:9908) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on JiaXing Gas Group Co. Ltd. Class H stock, see the HK:9908 Stock Forecast page.
More about JiaXing Gas Group Co. Ltd. Class H
JiaXing Gas Group Co., Ltd. is a PRC-incorporated gas operator listed in Hong Kong, engaged in the distribution and sale of gas and related services, with both domestic shares and H shares held by a mix of corporate and individual investors, including its executives and their related parties.
Average Trading Volume: 19,577
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.13B
Learn more about 9908 stock on TipRanks’ Stock Analysis page.