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China MeiDong Auto Holdings ( (HK:1268) ) just unveiled an announcement.
China MeiDong Auto Holdings Limited has entered into a Cornerstone Investment Agreement with Seres and CICC, agreeing to invest US$20 million in Seres’ international offering. This investment, classified as a discloseable transaction under Hong Kong’s Listing Rules, signifies MeiDong’s strategic positioning and potential expansion in the automotive sector, potentially impacting its market presence and stakeholder interests.
The most recent analyst rating on (HK:1268) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China MeiDong Auto Holdings stock, see the HK:1268 Stock Forecast page.
More about China MeiDong Auto Holdings
China MeiDong Auto Holdings Limited is a company incorporated in the Cayman Islands with limited liability, primarily engaged in the automotive industry. The company focuses on investments and transactions related to automotive services and products.
YTD Price Performance: -27.91%
Average Trading Volume: 1,438,598
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.19B
See more insights into 1268 stock on TipRanks’ Stock Analysis page.