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Qingling Motors Co ( (HK:1122) ) has shared an update.
Qingling Motors Co. announced the completion of an equity transfer process, where Chongqing Yufu Holding Group Co., Ltd. acquired an 80% equity interest in Qingling Motors (Group) Co., the controlling shareholder of Qingling Motors. This transfer, which involved a gratuitous transfer of state-owned equity interests, has been finalized with the necessary industrial and commercial registration changes. Despite the change in direct control to Yufu Holding, there has been no alteration in the number and proportion of shares held by Qingling Group, and Chongqing SASAC remains the ultimate controlling shareholder. The announcement highlights the company’s stable shareholding structure and the regulatory compliance achieved through the waiver from the takeover obligation.
The most recent analyst rating on (HK:1122) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Qingling Motors Co stock, see the HK:1122 Stock Forecast page.
More about Qingling Motors Co
Qingling Motors Co. is a Sino-foreign joint venture company incorporated in the People’s Republic of China, primarily involved in the automotive industry. The company focuses on the production and sale of motor vehicles and related components.
Average Trading Volume: 3,251,632
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.96B
For a thorough assessment of 1122 stock, go to TipRanks’ Stock Analysis page.