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Zuoli Kechuang Micro-finance Co. Ltd. Class H ( (HK:6866) ) has shared an update.
Zuoli Kechuang Micro-finance Company Limited plans to surrender the micro-finance license held at the listed parent-company level and formally reposition itself as a general holding company, while keeping the micro-finance license and operating activities concentrated in its main subsidiary, Deqing Jinhui Micro-finance Company Limited. Subject to regulatory approval from the Zhejiang Provincial Financial Bureau, the move will be accompanied by a change of company name and business scope, aiming to eliminate overlapping licensing and management structures, streamline operations, comply with PRC naming rules on the use of “micro-finance,” and ultimately enhance efficiency and shareholder value.
The most recent analyst rating on (HK:6866) stock is a Hold with a HK$0.32 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 financial services provider focused on micro-finance, with its principal lending operations conducted through its primary operating subsidiary, Deqing Jinhui Micro-finance Company Limited. Listed in Hong Kong, the group’s core business is extending micro-loans in Zhejiang province, where Deqing Jinhui holds and actively uses a micro-finance license while the parent company functions increasingly as a holding entity.
Average Trading Volume: 115,888
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$348.1M
Learn more about 6866 stock on TipRanks’ Stock Analysis page.