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Mao Geping Cosmetics Co., Ltd. Class H ( (HK:1318) ) just unveiled an update.
Mao Geping Cosmetics Co., Ltd. has announced that its controlling shareholders and several executive directors plan to reduce their holdings of the company’s H shares by up to 17.2 million shares, or no more than 3.51% of total issued share capital, mainly via block trades over the next six months. The sellers cite personal financial needs, including investments in the beauty industry supply chain and improving living conditions, but emphasize continued confidence in the company’s prospects and commitment to its operations; the company stresses that the planned selldown will not change control, nor materially affect governance or day-to-day operations, though actual execution will depend on market conditions and pricing, and investors are urged to exercise caution.
The most recent analyst rating on (HK:1318) stock is a Buy with a HK$128.00 price target. To see the full list of analyst forecasts on Mao Geping Cosmetics Co., Ltd. Class H stock, see the HK:1318 Stock Forecast page.
More about Mao Geping Cosmetics Co., Ltd. Class H
Mao Geping Cosmetics Co., Ltd. is a Chinese cosmetics group focused on the beauty industry, engaged in product research and development, production and brand-driven operations, with its H shares listed on the Hong Kong Stock Exchange.
Average Trading Volume: 1,372,953
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$40.56B
Learn more about 1318 stock on TipRanks’ Stock Analysis page.