Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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.