Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Shandong International Trust Corp. Class H ( (HK:1697) ) has shared an announcement.
Shandong International Trust Co., Ltd. announced its intention to enter into agreements with Lucion Venture Capital and Shandong High-Tech for the transfer of fund interests. This strategic move involves the sale of the company’s limited partnership interest in the Parent Fund and Wanhe Fund, with Lucion Venture Capital agreeing to acquire the Parent Fund interest for RMB166.3849 million. The transaction is subject to several conditions, including regulatory approvals and compliance with listing rules. This transfer is expected to impact the company’s financial positioning by reallocating its capital and potentially affecting its investment portfolio.
More about Shandong International Trust Corp. Class H
Shandong International Trust Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the financial services industry. The company focuses on trust and investment management, providing financial solutions and services to its clients.
Average Trading Volume: 229,650
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.61B
See more data about 1697 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue