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China Railway Construction ( (HK:1186) ) has shared an update.
China Railway Construction announced a significant acquisition involving the purchase of minority equity interests in several subsidiaries from eight investors, including Taiping Life and BOC Asset, for a total of RMB11 billion. This transaction will result in the target companies becoming wholly-owned subsidiaries of China Railway Construction, enhancing its control over these entities and potentially strengthening its market position. The acquisition is classified as a discloseable and connected transaction under Hong Kong Listing Rules, requiring reporting and announcement but exempt from shareholder approval.
The most recent analyst rating on (HK:1186) stock is a Buy with a HK$6.00 price target. To see the full list of analyst forecasts on China Railway Construction stock, see the HK:1186 Stock Forecast page.
More about China Railway Construction
Average Trading Volume: 8,739,907
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$112.7B
For an in-depth examination of 1186 stock, go to TipRanks’ Overview page.