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InnoScience (Suzhou) Technology Holding Co Ltd Class H ( (HK:2577) ) has issued an update.
InnoScience (Suzhou) Technology Holding Co., Ltd. has announced its application to the China Securities Regulatory Commission for the conversion of 373,841,270 domestic unlisted shares into H shares, which will be listed and traded on the Main Board of the Hong Kong Stock Exchange. This move is expected to significantly increase the company’s H shares to 98.24% of its total share capital, enhancing liquidity and potentially improving market valuation. The conversion does not require further shareholder approval and aligns with the company’s strategic objectives to strengthen its market position and provide greater flexibility for its stakeholders.
The most recent analyst rating on (HK:2577) stock is a Buy with a HK$54.29 price target. To see the full list of analyst forecasts on InnoScience (Suzhou) Technology Holding Co Ltd Class H stock, see the HK:2577 Stock Forecast page.
More about InnoScience (Suzhou) Technology Holding Co Ltd Class H
InnoScience (Suzhou) Technology Holding Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. The company operates in the technology sector and is involved in the production and development of semiconductor products. It focuses on expanding its market presence through the conversion of its domestic unlisted shares into H shares, aiming to enhance its trading capabilities on the Hong Kong Stock Exchange.
Average Trading Volume: 10,004,352
Technical Sentiment Signal: Strong Buy
For detailed information about 2577 stock, go to TipRanks’ Stock Analysis page.