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Kontafarma Announces Change in Shareholding Structure

Story Highlights
  • Kontafarma China Holdings Ltd announced a change in its controlling shareholder’s structure.
  • The transfer of equity interests in Shanxi entities does not alter Kontafarma’s direct controlling shareholder.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kontafarma Announces Change in Shareholding Structure

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The latest announcement is out from Kontafarma China Holdings Ltd ( (HK:1312) ).

Kontafarma China Holdings Ltd has announced a change in the shareholding structure of its controlling shareholder. The People’s Government of Shanxi Province has decided to transfer significant equity interests in Shanxi Construction Investment Group Co., Ltd. and Shanxi Transportation Holdings Group Co., Ltd. from Shanxi State-owned Capital Operation Co., Ltd. to the Shanxi Government Commission. This transfer does not alter the direct controlling shareholder of Kontafarma, which remains Waranty Assets Management (HK) Limited, nor does it change the ultimate beneficial ownership by the Shanxi Government Commission. The transfer is pending the completion of business registration changes.

The most recent analyst rating on (HK:1312) stock is a Hold with a HK$0.03 price target. To see the full list of analyst forecasts on Kontafarma China Holdings Ltd stock, see the HK:1312 Stock Forecast page.

More about Kontafarma China Holdings Ltd

Average Trading Volume: 5,988,650

Technical Sentiment Signal: Sell

Current Market Cap: HK$167.4M

Learn more about 1312 stock on TipRanks’ Stock Analysis page.

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