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Mao Geping Cosmetics Co., Ltd. Class H ( (HK:1318) ) has provided an update.
Mao Geping Cosmetics has received a filing notice from the China Securities Regulatory Commission approving its H share full circulation plan, covering the conversion of 228,344,600 previously unlisted domestic shares into H shares. The converted shares, representing 46.58% of the company’s existing share capital and held mainly by founder Mao Geping and other key shareholders, will be eligible for listing and trading on the Hong Kong Stock Exchange once listing approval is obtained, potentially enhancing liquidity, broadening the investor base, and further integrating the company into international capital markets.
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 company listed in Hong Kong that operates in the beauty and personal care industry, offering makeup and related cosmetic products primarily to consumers in mainland China and through the Hong Kong capital market. The group focuses on building its brand in the premium cosmetics segment and leverages both domestic and international listings to support its growth and shareholder liquidity.
Average Trading Volume: 1,507,278
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$42.06B
Learn more about 1318 stock on TipRanks’ Stock Analysis page.