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An announcement from Shriro Holdings Ltd. ( (AU:SHM) ) is now available.
Shriro Holdings Limited announced that its major shareholder, D2A Holdings HK Ltd, has sold its entire 19.62% shareholding in the company at a price of 87 cents per share. The shares have been acquired by an unlisted company controlled by Ms. Fiona Brown. This transaction marks a significant change in the ownership structure of Shriro, potentially impacting its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:SHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Shriro Holdings Ltd. stock, see the AU:SHM Stock Forecast page.
More about Shriro Holdings Ltd.
Shriro Holdings Limited is a leading consumer products marketing and distribution group operating in Australia, New Zealand, USA, China, and exporting globally. The company markets and distributes a wide range of both company-owned brands, such as Everdure, Omega Altise, and Robinhood, and third-party brands like Casio, Pioneer, Grohe, and American Standard. Their product offerings include calculators, watches, musical instruments, audio products, kitchen appliances, bathroom and sanitaryware products, consumer electronics, and more.
Average Trading Volume: 82,769
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$53.75M
Learn more about SHM stock on TipRanks’ Stock Analysis page.