TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shanghai Kindly Medical Instruments Co., Ltd. Class H ( (HK:1501) ) has shared an update.
Shanghai Kindly Medical Instruments Co., Ltd., a company incorporated in the People’s Republic of China, has entered into a Subscription Agreement with Broncus Holding Corporation. The agreement involves Shanghai Kindly subscribing to 91,093,613 new shares of Broncus at a price of HK$3.11 per share, totaling approximately HK$283.3 million. This transaction will result in Shanghai Kindly holding about 17.24% of Broncus’s issued shares. However, the financial results of Broncus will not be consolidated into Shanghai Kindly’s accounts. The transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement due to the applicable percentage ratios.
The most recent analyst rating on (HK:1501) stock is a Buy with a HK$37.00 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
Average Trading Volume: 45,206
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.47B
For a thorough assessment of 1501 stock, go to TipRanks’ Stock Analysis page.