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China International Development Corporation Limited ( (HK:0264) ) has shared an announcement.
China International Development Corporation Limited has announced that its planned acquisition of a 20% share in a target company will not proceed as initially agreed, with the agreement set to lapse on September 30, 2025. Instead, the company is pivoting towards the Web3 and digital assets industry, leveraging Hong Kong’s favorable regulatory environment. The company has signed a non-legally binding letter of intent with NVTHK Limited to explore potential cooperation in digital asset and Web3 business development, including joint ventures and consultancy services.
The most recent analyst rating on (HK:0264) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on China International Development Corporation Limited stock, see the HK:0264 Stock Forecast page.
More about China International Development Corporation Limited
China International Development Corporation Limited operates in the digital assets and Web3 industry, focusing on diversification and expansion of its business portfolio. The company is exploring opportunities in the Web3 and digital assets sector, including potential collaborations with strategic partners.
Average Trading Volume: 4,073,001
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$929.2M
See more data about 0264 stock on TipRanks’ Stock Analysis page.