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The latest update is out from Qidian International Co., Ltd. ( (HK:1280) ).
Qidian International Co., Ltd. has entered into an agreement to acquire an AI technology company for HK$460,000,000, which will be paid through the issuance of new shares. This acquisition, considered a discloseable transaction under Hong Kong’s Listing Rules, aims to enhance Qidian’s capabilities in the AI-driven e-commerce sector, though it remains subject to certain conditions.
The most recent analyst rating on (HK:1280) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Qidian International Co., Ltd. stock, see the HK:1280 Stock Forecast page.
More about Qidian International Co., Ltd.
Qidian International Co., Ltd. operates in the technology sector, focusing on AI-driven enablement services for the interest-based e-commerce industry.
Average Trading Volume: 1,005,132
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.86B
See more insights into 1280 stock on TipRanks’ Stock Analysis page.