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Kidsland International Holdings Limited ( (HK:2122) ) just unveiled an update.
Kidsland International Holdings Limited announced that its controlling shareholder, Asian Glory Holdings Limited, has converted 250 million convertible preference shares into an equal number of new ordinary shares. Following the conversion, Kidsland will have 1.356 billion issued ordinary shares, with Asian Glory’s stake increasing from 57.52% to 65.35%, while the holdings of directors and public shareholders are diluted in percentage terms. The newly issued shares will rank equally with existing ordinary shares, further consolidating control of Mr. Lee Ching Yiu over the company and potentially affecting the balance of influence between controlling and minority shareholders.
The most recent analyst rating on (HK:2122) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kidsland International Holdings Limited stock, see the HK:2122 Stock Forecast page.
More about Kidsland International Holdings Limited
Kidsland International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the consumer retail sector, focusing on branded products for children. The company’s controlling shareholder is Asian Glory Holdings Limited, which is wholly owned by chairman and chief executive officer Lee Ching Yiu, reflecting a highly concentrated ownership and leadership structure.
Average Trading Volume: 1,617,540
Technical Sentiment Signal: Buy
Current Market Cap: HK$282M
See more insights into 2122 stock on TipRanks’ Stock Analysis page.