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Sinofert Holdings ( (HK:0297) ) has issued an update.
Sinofert Holdings Limited has announced a change in its controlling shareholder due to an intra-group restructuring. Syngenta Group (HK) Holdings Company Limited has agreed to transfer its 52.65% stake in Sinofert to Sinochem Hong Kong (Group) Company Limited. This transfer will make Sinochem HK the direct controlling shareholder while Sinochem Holdings remains the ultimate controlling shareholder. A waiver was granted to Sinochem HK from the obligation to make a mandatory general offer under the Takeovers Code, minimizing potential disruptions to stakeholders.
The most recent analyst rating on (HK:0297) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Sinofert Holdings stock, see the HK:0297 Stock Forecast page.
More about Sinofert Holdings
Sinofert Holdings Limited is a company incorporated in Bermuda, primarily involved in the agricultural industry. It focuses on the production and distribution of fertilizers and related agricultural products, catering to the needs of the farming sector.
YTD Price Performance: 38.74%
Average Trading Volume: 33,709,738
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.17B
Learn more about 0297 stock on TipRanks’ Stock Analysis page.