TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shanghai Fudan Microelectronics Group Co ( (HK:1385) ) has issued an update.
Shanghai Fudan Microelectronics Group Co., Ltd. announced a significant share transfer agreement, where Shanghai Guosheng Group Investment Co., Ltd. will acquire 12.99% of the company’s shares from Shanghai Fudan Fangao IC Technology Co. Ltd. This transaction will make Guosheng Investment the largest shareholder, although the company will remain without a controlling shareholder. The transfer is subject to regulatory approvals and does not impact the company’s operational management, indicating stability for stakeholders.
The most recent analyst rating on (HK:1385) stock is a Buy with a HK$50.00 price target. To see the full list of analyst forecasts on Shanghai Fudan Microelectronics Group Co stock, see the HK:1385 Stock Forecast page.
More about Shanghai Fudan Microelectronics Group Co
Shanghai Fudan Microelectronics Group Co., Ltd. operates in the semiconductor industry, focusing on the development and production of integrated circuits and microelectronics products. The company is known for its advanced technology solutions and serves a diverse range of markets, including consumer electronics, telecommunications, and industrial applications.
YTD Price Performance: 159.40%
Average Trading Volume: 8,887,768
Technical Sentiment Signal: Buy
Current Market Cap: HK$44.46B
For an in-depth examination of 1385 stock, go to TipRanks’ Overview page.