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Maoyan Entertainment ( (HK:1896) ) has issued an announcement.
Maoyan Entertainment announced that its substantial shareholder, Beijing Enlight Media Co., Ltd., has increased its shareholding by acquiring 1,802,400 shares on the open market. This acquisition reflects the confidence of Enlight Media and Mr. Wang Changtian, a major shareholder and chairman of Maoyan, in the company’s business strategy and future prospects. The acquisition was conducted in compliance with regulatory requirements, and the company maintained the minimum public float percentage as prescribed by the Stock Exchange.
The most recent analyst rating on (HK:1896) stock is a Hold with a HK$8.00 price target. To see the full list of analyst forecasts on Maoyan Entertainment stock, see the HK:1896 Stock Forecast page.
More about Maoyan Entertainment
Maoyan Entertainment is a company incorporated in the Cayman Islands, operating primarily in the entertainment industry. It is listed on the Hong Kong Stock Exchange and is involved in various entertainment services and products.
Average Trading Volume: 7,907,123
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.38B
For a thorough assessment of 1896 stock, go to TipRanks’ Stock Analysis page.