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Changhong Jiahua Appoints Adviser for Privatization Plan

Story Highlights
  • Changhong Jiahua Holdings operates in financial services, focusing on securities and corporate finance.
  • The company appointed Somerley Capital as adviser for its proposed privatization scheme.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Changhong Jiahua Appoints Adviser for Privatization Plan

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Changhong Jiahua Holdings Ltd. ( (HK:3991) ) has shared an update.

Changhong Jiahua Holdings Limited has appointed Somerley Capital Limited as the Independent Financial Adviser to guide its Independent Board Committee on a proposed privatization scheme. This move is part of a strategic initiative involving a scheme of arrangement under the Companies Act, highlighting the company’s focus on compliance with regulatory frameworks and its commitment to transparent shareholder communication.

The most recent analyst rating on (HK:3991) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Changhong Jiahua Holdings Ltd. stock, see the HK:3991 Stock Forecast page.

More about Changhong Jiahua Holdings Ltd.

Changhong Jiahua Holdings Limited is a company incorporated in Bermuda, operating within the financial services industry. It focuses on dealing in securities and advising on corporate finance, as indicated by its recent appointment of an independent financial adviser.

Average Trading Volume: 1,355,859

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.88B

Learn more about 3991 stock on TipRanks’ Stock Analysis page.

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