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Q Technology (Group) Co ( (HK:1478) ) has shared an announcement.
Q Technology (Group) Co., Ltd has announced a significant transaction involving the sale of a 51.08% equity interest in its subsidiary, Q Tech India, to Dixon. The transaction, valued at approximately RMB447.4 million, involves both a share purchase and a share subscription. Following the completion of this transaction, Q Technology will retain a 48.92% stake in Q Tech India, which will no longer be consolidated as a subsidiary. Additionally, the company will continue to provide financial assistance to Q Tech India through ongoing loans. This transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement due to its size.
The most recent analyst rating on (HK:1478) stock is a Buy with a HK$17.80 price target. To see the full list of analyst forecasts on Q Technology (Group) Co stock, see the HK:1478 Stock Forecast page.
More about Q Technology (Group) Co
Q Technology (Group) Co., Ltd is a company incorporated in the Cayman Islands, primarily engaged in the technology sector. The company is involved in the production and distribution of electronic components and devices, with a market focus that includes international operations.
Average Trading Volume: 7,933,893
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.25B
Learn more about 1478 stock on TipRanks’ Stock Analysis page.