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Wuling Motors Holdings Limited ( (HK:0305) ) has shared an update.
Wuling Motors Holdings Limited announced a change in the shareholding structure of its indirect controlling shareholder, Guangxi Automobile Holdings Limited. The State-owned Assets Supervision and Administration Commission of the People’s Government of Guangxi Zhuang Autonomous Region transferred 80% of its equity interest in Guangxi Automobile to Guangxi Guokong Capital Operation Group Co., Ltd., a state-owned enterprise, at nil consideration. This reorganization aims to optimize the structure of state-owned capital, with Guangxi Guokong now holding 80% of Guangxi Automobile. Despite this change, Guangxi Automobile remains the controlling shareholder of Wuling Motors, holding approximately 56.54% of its issued share capital. The Securities and Futures Commission has waived the requirement for Guangxi Guokong to make a general offer for the company’s shares due to this reorganization.
The most recent analyst rating on (HK:0305) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wuling Motors Holdings Limited stock, see the HK:0305 Stock Forecast page.
More about Wuling Motors Holdings Limited
Wuling Motors Holdings Limited operates in the automotive industry, focusing on manufacturing and distributing vehicles and related components. The company is primarily involved in the production of automobiles and has a significant presence in the market through its controlling shareholder, Guangxi Automobile Holdings Limited.
Average Trading Volume: 5,609,475
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.01B
See more insights into 0305 stock on TipRanks’ Stock Analysis page.