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An update from Pak Tak International Limited ( (HK:2668) ) is now available.
Pak Tak International Limited announced that substantial shareholder Tengyue Holding Limited has disposed of 980 million shares, representing about 17.41% of the company’s issued share capital, via off-market trades to several independent transferees, resulting in Tengyue Holding ceasing to be a substantial shareholder. The company stated that the change in shareholding is not expected to have a material impact on its business operations or financial position, suggesting continuity for day-to-day activities despite a notable shift in its ownership structure.
The most recent analyst rating on (HK:2668) stock is a Hold with a HK$0.32 price target. To see the full list of analyst forecasts on Pak Tak International Limited stock, see the HK:2668 Stock Forecast page.
More about Pak Tak International Limited
Pak Tak International Limited is a Hong Kong-listed company whose board comprises executive, non-executive and independent non-executive directors, indicating a typical corporate governance structure for a diversified listed group, though the announcement does not specify its particular industry, products or services.
Average Trading Volume: 17,390,329
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.36B
See more insights into 2668 stock on TipRanks’ Stock Analysis page.