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Shenzhen International Holdings ( (HK:0152) ) just unveiled an update.
Shenzhen International Holdings Limited announced that its associate, Shenzhen Airlines, plans a capital increase totaling RMB 16,000 million, to be executed in two phases. The Group will not participate in this capital increase, which will dilute its equity interest in Shenzhen Airlines from 49% to approximately 28.09%. This strategic decision allows the Group to concentrate resources on its core businesses, optimizing resource allocation efficiency without materially impacting its operations or financial position. Shenzhen Airlines will continue to be an associate of the company.
The most recent analyst rating on (HK:0152) stock is a Hold with a HK$8.00 price target. To see the full list of analyst forecasts on Shenzhen International Holdings stock, see the HK:0152 Stock Forecast page.
More about Shenzhen International Holdings
Shenzhen International Holdings Limited is a diversified investment holding company primarily engaged in the logistics and transportation industry. The company, along with its subsidiaries, focuses on providing integrated logistics services and infrastructure facilities, including logistics parks and transportation hubs.
Average Trading Volume: 4,774,900
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.55B
Find detailed analytics on 0152 stock on TipRanks’ Stock Analysis page.