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An announcement from Kwoon Chung Bus Holdings Limited ( (HK:0306) ) is now available.
Kwoon Chung Bus Holdings Limited has announced a non-legally binding agreement of intent for the potential disposal of 85.3% of its equity in Lixian Bipenggou Tourism Development Co., Ltd. This move involves selling shares to two purchasers, A’ba Dajiuzhai Tourism Group Corporation and Chengdu Xintianfu Cultural Tourism Development Co., Ltd. The potential disposal is part of the company’s strategic efforts to streamline its operations and focus on core business areas, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:0306) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Kwoon Chung Bus Holdings Limited stock, see the HK:0306 Stock Forecast page.
More about Kwoon Chung Bus Holdings Limited
Kwoon Chung Bus Holdings Limited operates in the transportation and tourism industry, primarily focusing on bus services and tourism development. The company is involved in various tourism-related businesses, including scenic area development, particularly in the Bipenggou area in China.
Average Trading Volume: 190,025
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.36B
Learn more about 0306 stock on TipRanks’ Stock Analysis page.