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Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H ( (HK:2411) ) has provided an announcement.
Shenzhen Pagoda Industrial (Group) Corp. Ltd. has announced a plan for its controlling shareholder, Mr. YU Huiyong, to increase his shareholdings in the company’s H shares by up to 10 million shares over the next twelve months. This move reflects Mr. YU’s confidence in the company’s long-term growth prospects. The planned share acquisition is structured to avoid triggering a mandatory offer obligation under Hong Kong’s takeover regulations, ensuring compliance with public float requirements. The company will not provide financial assistance for this plan and will continue to monitor and disclose relevant information as required.
The most recent analyst rating on (HK:2411) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H stock, see the HK:2411 Stock Forecast page.
More about Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H
Average Trading Volume: 5,779,896
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.39B
Learn more about 2411 stock on TipRanks’ Stock Analysis page.