Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest announcement is out from Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. Class H ( (HK:6990) ).
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd., a PRC-based biopharmaceutical company listed in Hong Kong, focuses on raising capital through H shares alongside domestic and foreign share classes. Its stock structure includes a significant portion of H shares, which are tradable on the Hong Kong Stock Exchange and form the primary channel for international investors.
The company has received approval from the Hong Kong Stock Exchange to list 8,214,278 converted H shares under its H Share Full Circulation plan. Following the conversion of domestic and unlisted foreign shares into H shares, H shares will rise to 73.32% of total share capital, domestic shares will fall to 26.68%, and unlisted foreign shares will be eliminated, increasing market liquidity and aligning its capital structure more closely with international trading practices.
The company will now proceed with the technical conversion and trading procedures needed to complete the listing of the converted H shares. It has indicated that further updates will be provided as the process advances, while advising shareholders and potential investors to exercise caution when dealing in its securities during the transition period.
The most recent analyst rating on (HK:6990) stock is a Buy with a HK$526.00 price target. To see the full list of analyst forecasts on Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. Class H stock, see the HK:6990 Stock Forecast page.
More about Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. Class H
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. is a Hong Kong-listed biopharmaceutical company incorporated in the People’s Republic of China. The company issues H shares on the Hong Kong Stock Exchange, with its share capital structure comprising H shares, domestic shares and, until now, unlisted foreign shares.
Average Trading Volume: 530,394
Technical Sentiment Signal: Buy
Current Market Cap: HK$117.4B
For detailed information about 6990 stock, go to TipRanks’ Stock Analysis page.