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Shanxi Installation Group Co., Ltd. Class H ( (HK:2520) ) has provided an announcement.
Shanxi Installation Group Co., Ltd. has announced its plan to implement full circulation of its H Shares, converting 1,000,000,000 domestic shares into H Shares, which represents approximately 72.81% of the company’s total issued share capital. This move is subject to regulatory approvals and aims to list these shares on the Main Board of the Hong Kong Stock Exchange. The company has not yet submitted the application to the China Securities Regulatory Commission but will provide updates as the process progresses. This strategic decision could enhance the company’s market presence and liquidity, potentially benefiting shareholders and investors.
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
Average Trading Volume: 73,890
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.88B
See more data about 2520 stock on TipRanks’ Stock Analysis page.