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An announcement from Qingling Motors Co ( (HK:1122) ) is now available.
Qingling Motors Co. has announced a supplemental disclosure regarding a repurchase agreement, providing details about the ultimate beneficial owners of the involved Financial Leasing Company and the Dealer. The Financial Leasing Company is majorly owned by Chongqing City Transportation Development & Investment Group Co., Ltd., while the Dealer is wholly owned by Chinese merchant Mr. Li Shuibo. Both entities and their owners are independent third parties, and this additional information does not alter the original announcement’s content.
The most recent analyst rating on (HK:1122) stock is a Hold with a HK$0.50 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 joint stock limited company incorporated in the People’s Republic of China, primarily involved in the automotive industry. The company focuses on the production and sales of vehicles, including new energy vehicles, and related services.
Average Trading Volume: 2,791,353
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.18B
Learn more about 1122 stock on TipRanks’ Stock Analysis page.