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An update from Huitongda Network Co., Ltd. Class H ( (HK:9878) ) is now available.
Huitongda Network Co., Ltd. announced the disposal of a 26.7143% equity interest in its subsidiary, Huitone Datatech, to Nanjing Huidefu for RMB25,378,585. Despite this transaction, Huitongda will retain a 51% stake in Huitone Datatech, ensuring it remains a subsidiary and its financial results continue to be consolidated into Huitongda’s financial statements. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules due to the involvement of Mr. Sun Chao, an executive Director of Huitongda, who holds a significant interest in Nanjing Huidefu.
More about Huitongda Network Co., Ltd. Class H
Huitongda Network Co., Ltd. operates in the technology sector, focusing on providing network services and solutions. The company is involved in various technology-driven initiatives and maintains a significant market presence in the People’s Republic of China.
Average Trading Volume: 3,937,407
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.44B
Find detailed analytics on 9878 stock on TipRanks’ Stock Analysis page.