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The latest announcement is out from Jiangxi Rimag Group Co., Ltd. Class H ( (HK:2522) ).
Jiangxi Rimag Group Co., Ltd. has announced its intention to implement full circulation of its H shares, involving 104,183,758 unlisted shares, which represent approximately 28.46% of the company’s total issued share capital. This move is in accordance with the guidelines issued by the China Securities Regulatory Commission and aims to convert these unlisted shares into H shares for listing on the Hong Kong Stock Exchange. The proposed implementation is subject to obtaining necessary approvals from relevant authorities, and the company will provide further updates on the progress.
The most recent analyst rating on (HK:2522) stock is a Buy with a HK$21.41 price target. To see the full list of analyst forecasts on Jiangxi Rimag Group Co., Ltd. Class H stock, see the HK:2522 Stock Forecast page.
More about Jiangxi Rimag Group Co., Ltd. Class H
Average Trading Volume: 9,891,877
Technical Sentiment Signal: Strong Sell
For an in-depth examination of 2522 stock, go to TipRanks’ Overview page.