Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
STAR CM Holdings Limited ( (HK:6698) ) just unveiled an announcement.
STAR CM Holdings Limited announced an amendment to its long‑standing concert party arrangement, under which a group of controlling shareholders jointly exercised control over the company. A supplemental agreement signed on 22 December 2025 releases CMC (Shanghai), CMC (Tianjin), SH Zhihua and Beamingstars from the joint control agreement, meaning they are no longer bound by its rights and obligations, while the concert party structure will continue among Mr. Tian, Mr. Jin, Mr. Xu, East Brothers, Goldenbroad, Harvest Sky and Unionstars. The move refines the company’s control structure without dissolving the core concert group, suggesting a reconfiguration of shareholder alignments that may affect governance dynamics and influence over strategic decisions, while maintaining continuity of control among the remaining concert parties.
The most recent analyst rating on (HK:6698) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on STAR CM Holdings Limited stock, see the HK:6698 Stock Forecast page.
More about STAR CM Holdings Limited
STAR CM Holdings Limited is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange that operates through a group structure encompassing subsidiaries and consolidated affiliated entities. Control of the company has historically been exercised by a group of founding individuals and investment vehicles acting in concert under a joint control agreement, which collectively held a dominant voting stake of about 68.89% prior to the latest changes.
Average Trading Volume: 260,534
Technical Sentiment Signal: Sell
Current Market Cap: HK$430.4M
For detailed information about 6698 stock, go to TipRanks’ Stock Analysis page.