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Zuoli Kechuang Micro-finance Co. Ltd. Class H ( (HK:6866) ) has provided an update.
Zuoli Kechuang Micro-finance Company Limited plans to change its Chinese and English names to remove the “Micro-finance” reference as part of its transition into a general holding company, following its proposed surrender of a micro-finance licence in Zhejiang. The company will also amend and restate its articles of association to align with this new corporate identity and business scope, subject to regulatory approvals and shareholder approval at an extraordinary general meeting, and has cautioned investors that these changes may not proceed if the required conditions are not met.
The most recent analyst rating on (HK:6866) stock is a Hold with a HK$0.41 price target. To see the full list of analyst forecasts on Zuoli Kechuang Micro-finance Co. Ltd. Class H stock, see the HK:6866 Stock Forecast page.
More about Zuoli Kechuang Micro-finance Co. Ltd. Class H
Zuoli Kechuang Micro-finance Company Limited is a PRC-incorporated joint stock company listed in Hong Kong that has operated in the micro-finance sector. The group is now repositioning itself away from licensed micro-lending towards functioning as a general holding company, signalling a shift in business model and strategic focus within China’s broader financial and investment services landscape.
Average Trading Volume: 315,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$436.6M
For a thorough assessment of 6866 stock, go to TipRanks’ Stock Analysis page.