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Shanghai Industrial Holdings ( (HK:0363) ) has issued an update.
Shanghai Industrial Holdings, through its indirect subsidiary SIUD Shanghai Healthcare Management, has entered into an agreement to sell its 19% equity interest in a target company to Shanghai Lingfeng Medical for RMB73,598,000. This transaction will result in Shanghai Lingfeng Medical becoming the sole owner of the target company, which will no longer be an associate of Shanghai Industrial Holdings. The disposal is classified as a connected transaction under the Hong Kong Listing Rules due to the relationships between the involved parties, but it is exempt from the circular and independent shareholders’ approval requirements.
The most recent analyst rating on (HK:0363) stock is a Hold with a HK$15.00 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: 734,165
Technical Sentiment Signal: Buy
Current Market Cap: HK$16B
Find detailed analytics on 0363 stock on TipRanks’ Stock Analysis page.