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China Communications Construction Co ( (HK:1800) ) has issued an update.
China Communications Construction Company Limited announced an increase in shareholding by its controlling shareholder, CCCG, who acquired 17,400,000 H shares, representing approximately 0.11% of the company’s total share capital. This move, compliant with relevant securities laws, raises CCCG’s total shareholding to approximately 59.52% of the company’s issued share capital, signaling a strategic consolidation of ownership and potential influence on the company’s future direction.
The most recent analyst rating on (HK:1800) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on China Communications Construction Co stock, see the HK:1800 Stock Forecast page.
More about China Communications Construction Co
China Communications Construction Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the construction industry, focusing on infrastructure development and engineering services, with a significant market presence in China and internationally.
Average Trading Volume: 21,307,238
Current Market Cap: HK$143.5B
For an in-depth examination of 1800 stock, go to TipRanks’ Overview page.