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An update from Shanghai Industrial Holdings ( (HK:0363) ) is now available.
Shanghai Industrial Holdings, through its subsidiary True Victor, has announced the disposal of its 19.47% stake in Canvest, a move that aligns with the privatisation of Canvest by Grandblue. The transaction, valued at HK$2,328,729,900, will result in a disposal loss of approximately HK$56,835,100 for the company, impacting its financials but streamlining its investment portfolio.
The most recent analyst rating on (HK:0363) stock is a Buy with a HK$12.40 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
Average Trading Volume: 1,170,076
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$13.5B
For detailed information about 0363 stock, go to TipRanks’ Stock Analysis page.