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Truly International Holdings ( (HK:0732) ) just unveiled an announcement.
Truly International Holdings has entered into a capital increase arrangement involving its indirect wholly owned subsidiary Truly Opto-Electronics, its associate Truly RS and Opto RS, currently wholly owned by Truly Opto-Electronics. Under the agreement, Truly Opto-Electronics will inject RMB500 million and Truly RS RMB340 million into Opto RS, raising Opto RS’s registered capital from RMB10 million to RMB850 million and diluting the group’s interest in Opto RS from 100% to 60%. The transaction is classified as a deemed disposal and a discloseable transaction under Hong Kong listing rules, triggering notification and announcement requirements but allowing Truly International to retain control of Opto RS while bringing in substantial capital from an associate to support the subsidiary’s expansion and funding needs.
The most recent analyst rating on (HK:0732) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Truly International Holdings stock, see the HK:0732 Stock Forecast page.
More about Truly International Holdings
Truly International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Truly Opto-Electronics in the optoelectronic and display-related segment, with interests in associated entities such as Truly RS that support its broader electronics manufacturing and component business.
YTD Price Performance: 0.93%
Average Trading Volume: 2,280,197
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.28B
See more insights into 0732 stock on TipRanks’ Stock Analysis page.