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The latest update is out from B & D Strategic Holdings Limited ( (HK:1780) ).
Rongzun International Holdings Group Limited has disclosed that substantial shareholder Kyosei Technology Inc. sold 93 million shares, or about 15% of the company’s issued share capital, via on-market transactions at around HK$0.52 per share. Following the sale, Kyosei Technology no longer holds any shares in the company and has ceased to be a substantial shareholder, though the board expects no material impact on the group’s operations or financial position.
The disposal represents a notable change in the company’s shareholder base, as Kyosei Technology was majority-owned by Mr. Kenichi Yanase and partly owned by executive director and CEO Dr. Hiroshi Kaneko. The company has advised shareholders and potential investors to exercise caution when dealing in its securities, underscoring potential market sensitivity despite management’s view that the transaction does not alter its underlying business fundamentals.
The most recent analyst rating on (HK:1780) stock is a Hold with a HK$0.62 price target. To see the full list of analyst forecasts on B & D Strategic Holdings Limited stock, see the HK:1780 Stock Forecast page.
More about B & D Strategic Holdings Limited
Rongzun International Holdings Group Limited is a Cayman Islands-incorporated company listed on the Stock Exchange of Hong Kong. The company is governed by a board comprising an executive director and chief executive officer, non-executive directors, and independent non-executive directors, reflecting a typical Hong Kong-listed corporate governance structure.
Average Trading Volume: 2,144,122
Technical Sentiment Signal: Sell
Current Market Cap: HK$403M
For detailed information about 1780 stock, go to TipRanks’ Stock Analysis page.