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Shanghai Realway Capital Assets Management Co., Ltd. Class H ( (HK:1835) ) has provided an update.
Shanghai Realway Capital Assets Management Co., Ltd. announced that its subsidiary Shanghai Ruixiang Investment Management Co., Ltd. has received a favorable first-instance civil judgment from the People’s Court of Shengsi County, Zhejiang Province. The court dismissed claims brought by Shengsi Pengbo Real Estate Development Co., Ltd. and Zhejiang Anlan Hotel Management Co., Ltd. in a dispute over recovery of withdrawn capital.
The plaintiffs retain the right to appeal within 15 days of receiving the judgment, after which the ruling will become effective if no appeal is filed. The company said it will update shareholders and potential investors on any significant developments in the case and urged market participants to exercise caution when dealing in its shares pending final resolution.
The most recent analyst rating on (HK:1835) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Shanghai Realway Capital Assets Management Co., Ltd. Class H stock, see the HK:1835 Stock Forecast page.
More about Shanghai Realway Capital Assets Management Co., Ltd. Class H
Shanghai Realway Capital Assets Management Co., Ltd. is a PRC-incorporated asset management company listed on the Hong Kong Stock Exchange under stock code 1835. Through subsidiaries such as Shanghai Ruixiang Investment Management Co., Ltd., it engages in investment and capital management activities, serving institutional and other professional investors in mainland China and the Hong Kong market.
Average Trading Volume: 37,216
Technical Sentiment Signal: Sell
Current Market Cap: HK$190.1M
For an in-depth examination of 1835 stock, go to TipRanks’ Overview page.