Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Shenzhen International Holdings ( (HK:0152) ) has shared an update.
Shenzhen International Holdings has announced a reduction in its equity interest in Shenzhen Airlines following a capital increase by the associate company. The first phase of this funding introduced a significant investment from Shenzhen Kunhang Investment and Air China, resulting in the group’s stake diluting from 49% to approximately 28.09%. This development reflects strategic repositioning within the airline’s shareholder structure, enabling Shenzhen Airlines to secure new capital while positioning the Group as a minority stakeholder. Future capital contributions are anticipated, which may lead to further dilution of the group’s equity interest in Shenzhen Airlines.
The most recent analyst rating on (HK:0152) stock is a Buy with a HK$9.50 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, incorporated in Bermuda, operates a diverse portfolio focused on infrastructure investment and development. The group comprises subsidiaries engaged in logistics, transportation, and urban development, with market focus spanning public infrastructure and associated services.
Average Trading Volume: 3,180,691
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.16B
For detailed information about 0152 stock, go to TipRanks’ Stock Analysis page.