TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Qidian International Co., Ltd. ( (HK:1280) ) has issued an update.
Qidian International Co., Ltd. has announced the disposal of its entire equity interest in a target company, which previously functioned as an investment holding vehicle for subsidiaries engaged in the retail and bulk distribution of household appliances. The target company is now insolvent following the divestment of its subsidiaries. The transaction involves the assignment of significant inter-company loans, primarily from Yangzhou Laitai Trading Group Co., Ltd., to the target company, reflecting a strategic move to manage financial liabilities and restructure within the group.
More about Qidian International Co., Ltd.
Average Trading Volume: 1,119,320
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.07B
For a thorough assessment of 1280 stock, go to TipRanks’ Stock Analysis page.