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China Investments Holdings Limited ( (HK:0132) ) has issued an update.
China Investments Holdings Limited has announced a major transaction involving the disposal of a 31% equity interest in Guangdong Nanhong Civil Explosives Co., Ltd. The transaction, valued at approximately HK$115,784,000, was conducted through a public tender process on the Guangdong Equity Exchange. This strategic move is part of the company’s efforts to optimize its investment portfolio and enhance financial flexibility. The transaction has been approved by the company’s major shareholder, Prize Rich Inc., which holds 71.41% of the company’s issued share capital, thereby exempting the company from convening a general meeting for approval.
The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.
More about China Investments Holdings Limited
Average Trading Volume: 146,452
Technical Sentiment Signal: Hold
Current Market Cap: HK$462.3M
For an in-depth examination of 0132 stock, go to TipRanks’ Overview page.