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Shanghai Industrial Holdings ( (HK:0363) ) just unveiled an update.
Shanghai Industrial Holdings has announced the completion of an internal reorganisation under which Golden Bell has been registered as the owner of all issued shares of SIIC, the company’s immediate controlling shareholder. As a result, Golden Bell now indirectly holds approximately 63.16% of Shanghai Industrial Holdings, 70.44% of Shanghai Industrial Urban Development Group and 50.12% of SIIC Environment, but the voting rights and ultimate control remain with the Shanghai Government, meaning there is no effective change of control in these listed entities. The Hong Kong Takeovers Executive has granted SIIC Shanghai and Golden Bell a waiver from the obligation to make a general offer for the shares of Shanghai Industrial Holdings, SIUD, SIIC Environment and Shanghai Pharmaceuticals following the reorganisation, and the company has cautioned shareholders and investors to exercise care when dealing in its securities.
The most recent analyst rating on (HK:0363) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Shanghai Industrial Holdings stock, see the HK:0363 Stock Forecast page.
More about Shanghai Industrial Holdings
Shanghai Industrial Holdings Limited is a Hong Kong-incorporated conglomerate with controlling stakes in key Shanghai-focused businesses, including Shanghai Industrial Urban Development Group and SIIC Environment Holdings, which operate in property development and environmental services respectively. The company ultimately falls under the ownership of the Shanghai Government through various wholly owned entities, positioning it as a major state-backed vehicle for investments in urban development and infrastructure-related sectors.
Average Trading Volume: 991,172
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.91B
See more insights into 0363 stock on TipRanks’ Stock Analysis page.