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The latest announcement is out from Neusoft Education Technology Co. Limited ( (HK:9616) ).
Neusoft Education Technology Co. Limited, through its wholly-owned subsidiary, has entered into agreements to acquire a 4.2255% stake in Xikang Yunshe and make a capital contribution of RMB45 million. This strategic move, involving a total investment of RMB75 million, aims to strengthen Neusoft’s position in the market, although it will not result in the Target Company becoming a subsidiary or its financial results being consolidated into Neusoft’s financial statements.
More about Neusoft Education Technology Co. Limited
Average Trading Volume: 486,610
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.38B
For detailed information about 9616 stock, go to TipRanks’ Stock Analysis page.