Shanghai Kindly Medical Instruments to Acquire Controlling Stake in Target Company

The latest announcement is out from Shanghai Kindly Medical Instruments Co., Ltd. Class H ( (HK:1501) ).

Shanghai Kindly Medical Instruments Co., Ltd., a company incorporated in the People’s Republic of China, has entered into a Formal Acquisition Agreement to acquire a controlling stake in a target company. The acquisition involves purchasing 81.83% equity interest in the target company for approximately RMB512.84 million, with Shanghai Kindly Medical Instruments acquiring a 51.70% controlling stake. This transaction will result in the target company becoming a non-wholly owned subsidiary, and further capital injection is planned. The acquisition is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement.

The most recent analyst rating on (HK:1501) stock is a Buy with a HK$33.68 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

Average Trading Volume: 35,801

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.64B

For detailed information about 1501 stock, go to TipRanks’ Stock Analysis page.