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The latest update is out from Meitu ( (HK:1357) ).
Meitu has disclosed that its investee company Shenzhen HBN Technology (Group) Company Limited, in which the group holds approximately a 23.81% equity interest on a fully diluted basis, has applied for a separate listing on the Main Board of the Hong Kong Stock Exchange. HBN, recently converted into a joint stock company, has submitted a Form A1 listing application, though details of the offer size, structure and timetable have not yet been provided, and Meitu cautioned shareholders that the proposed listing remains subject to HBN’s board decision and regulatory approval and therefore may or may not proceed, underscoring both the potential value realisation opportunity and the associated uncertainty for investors.
The most recent analyst rating on (HK:1357) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on Meitu stock, see the HK:1357 Stock Forecast page.
More about Meitu
Meitu, Inc. is a Hong Kong-based technology company incorporated in the Cayman Islands that develops and operates imaging, social and related digital services through a group structure of subsidiaries and consolidated affiliates, and is listed on the Main Board of the Hong Kong Stock Exchange under stock code 1357.
YTD Price Performance: 18.29%
Average Trading Volume: 52,674,365
Technical Sentiment Signal: Buy
Current Market Cap: HK$37.97B
See more insights into 1357 stock on TipRanks’ Stock Analysis page.