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An update from Kingdee International Software Group Co ( (HK:0268) ) is now available.
Kingdee International Software Group Co. announced a connected transaction involving the acquisition of a 62.764% equity interest in CloudHub, making it a subsidiary. This acquisition, valued at RMB68,250,000, is expected to enhance Kingdee’s market position by increasing its stake in CloudHub from 7.5373% to 70.3013%, thereby expanding its influence in the cloud services sector.
The most recent analyst rating on (HK:0268) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Kingdee International Software Group Co stock, see the HK:0268 Stock Forecast page.
More about Kingdee International Software Group Co
Kingdee International Software Group Co. is a company incorporated in the Cayman Islands, primarily operating in the software industry. The company focuses on providing enterprise management software and cloud services, catering to a wide range of business needs.
YTD Price Performance: 97.77%
Average Trading Volume: 41,230,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$59.76B
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