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Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) has shared an update.
Shanghai Industrial Urban Development Group Ltd announced a proposed internal reorganization involving its controlling shareholder, SIIC. The Shanghai Government plans to change the registered owner of SIIC to Golden Bell, which is wholly owned by the Shanghai Government. This reorganization will not affect the ultimate control of the company, as the Shanghai Government will continue to be the controlling shareholder, maintaining its interest in approximately 70.44% of the company’s issued shares.
The most recent analyst rating on (HK:0563) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shanghai Industrial Urban Development Group Ltd stock, see the HK:0563 Stock Forecast page.
More about Shanghai Industrial Urban Development Group Ltd
Average Trading Volume: 2,856,875
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.58B
Learn more about 0563 stock on TipRanks’ Stock Analysis page.