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An announcement from Sunny Optical Technology (Group) Co ( (HK:2382) ) is now available.
Sunny Optical Technology plans to spin off and separately list its vehicle-related optical businesses, operated through subsidiary Ningbo Sunny Smart Autotech Co., Limited, on the Main Board of the Hong Kong Stock Exchange, while retaining the spun-off entity as a consolidated subsidiary. The company has submitted a formal spin-off proposal to the exchange and views the transaction as commercially beneficial and in shareholders’ interests, but stresses that completion remains subject to regulatory approvals, board and possibly shareholder decisions, market conditions and other factors, with no assurance on timing or certainty of proceeding.
The most recent analyst rating on (HK:2382) stock is a Buy with a HK$88.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.
More about Sunny Optical Technology (Group) Co
Sunny Optical Technology (Group) Company Limited is a Hong Kong-listed optical component and module manufacturer incorporated in the Cayman Islands, with operations conducted through subsidiaries including in mainland China. The group focuses on optical technologies and related products used across sectors such as consumer electronics and vehicles, and its shares trade on the Main Board of the Stock Exchange of Hong Kong under stock code 2382.HK.
YTD Price Performance: 3.66%
Average Trading Volume: 10,198,901
Technical Sentiment Signal: Sell
Current Market Cap: HK$74.22B
See more data about 2382 stock on TipRanks’ Stock Analysis page.