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Shanxi Installation Group Co., Ltd. Class H ( (HK:2520) ) just unveiled an announcement.
Shanxi Installation Group Co., Ltd. announced a change in the shareholding structure of its controlling shareholder. The People’s Government of Shanxi Province has decided to transfer a 52.44% equity interest in Shanxi Construction Investment Group Co., Ltd. from Shanxi State-owned Capital Operation Co., Ltd. to the State-owned Assets Supervision and Administration Commission of Shanxi Province. This transfer does not alter the direct control of Shanxi CIG over the company, nor the ultimate beneficial ownership by Shanxi SASAC, but it signifies a shift in the management of state-owned equity interests, potentially impacting the company’s strategic alignment with government policies.
The most recent analyst rating on (HK:2520) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Shanxi Installation Group Co., Ltd. Class H stock, see the HK:2520 Stock Forecast page.
More about Shanxi Installation Group Co., Ltd. Class H
Shanxi Installation Group Co., Ltd. operates within the construction industry, focusing on installation services. It is a joint stock company incorporated in the People’s Republic of China, with its primary market focus being state-owned enterprises and public sector projects.
Average Trading Volume: 73,333
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.87B
Learn more about 2520 stock on TipRanks’ Stock Analysis page.