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Launch Tech Co. Ltd. Class H ( (HK:2488) ) has shared an announcement.
Launch Tech Co. Ltd. has announced a reduction in its registered capital following the repurchase of its H Shares, which has decreased the number of these shares to 156,595,600. This move, approved at the company’s special general meeting, involves notifying creditors and making necessary amendments to the company’s Articles of Association and business registration. The reduction in registered capital is part of the company’s strategic financial adjustments, potentially impacting its financial structure and stakeholder interests.
The most recent analyst rating on (HK:2488) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Launch Tech Co. Ltd. Class H stock, see the HK:2488 Stock Forecast page.
More about Launch Tech Co. Ltd. Class H
Launch Tech Co. Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the technology industry. The company primarily focuses on developing and providing automotive diagnostic and inspection products and services, catering to a global market.
Average Trading Volume: 885,538
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.31B
For detailed information about 2488 stock, go to TipRanks’ Stock Analysis page.