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The latest announcement is out from Shanghai Kindly Medical Instruments Co., Ltd. Class H ( (HK:1501) ).
Shanghai Kindly Medical Instruments Co., Ltd. has announced its intention to implement full circulation of its H shares. The company has submitted a filing to the China Securities Regulatory Commission (CSRC) for the conversion of 71,786,608 domestic shares into H shares, which will then be listed and traded on the Hong Kong Stock Exchange. This move is part of the company’s strategy to enhance its market presence and liquidity. The conversion and listing are subject to regulatory approvals and compliance with applicable laws, and further announcements will be made as the process progresses.
The most recent analyst rating on (HK:1501) stock is a Hold with a HK$34.00 price target. To see the full list of analyst forecasts on Shanghai Kindly Medical Instruments Co., Ltd. Class H stock, see the HK:1501 Stock Forecast page.
More about Shanghai Kindly Medical Instruments Co., Ltd. Class H
Shanghai Kindly Medical Instruments Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the medical instruments industry. The company focuses on the development and production of medical devices and instruments, catering to both domestic and international markets.
Average Trading Volume: 37,267
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.45B
For a thorough assessment of 1501 stock, go to TipRanks’ Stock Analysis page.