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The latest announcement is out from Mexan ( (HK:0022) ).
Mexan Limited has issued a clarification after noting recent sharp increases in its share price and heightened press coverage related to the stake held by its controlling shareholder. Following internal enquiries, the company said it has been informed that the controlling shareholder may be considering a preliminary internal review of its shareholding in Mexan, but stressed that there is currently no information arising from this that requires disclosure under Hong Kong listing rules. The board pledged to continue observing all disclosure obligations and cautioned shareholders and potential investors to exercise care when trading the company’s securities, underscoring that any potential changes in ownership remain at an early and uncertain stage.
The most recent analyst rating on (HK:0022) stock is a Hold with a HK$0.15 price target. To see the full list of analyst forecasts on Mexan stock, see the HK:0022 Stock Forecast page.
More about Mexan
Mexan Limited is a Hong Kong-listed company (stock code: 22) whose shares trade on the Main Board of The Stock Exchange of Hong Kong. The company is controlled by a single controlling shareholder, and its shareholding structure has recently attracted market and media attention, although no further business or operational details are provided in the announcement.
Average Trading Volume: 4,117,238
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$318.6M
Find detailed analytics on 0022 stock on TipRanks’ Stock Analysis page.