The latest update is out from Tiangong International Co. Ltd. ( (HK:0826) ).
Tiangong International Co. Ltd. announced a series of equity transfer agreements involving its subsidiary, TG Tools. The company has agreed to acquire shares from investors Huazi Shengtong, Huazi Huizhi, and Letong Huazi, simplifying its shareholding structure and retaining long-term investors. This move follows a previous buy-back agreement and aims to streamline operations and prepare for a future listing application. The adjustments reflect the company’s strategic focus on maintaining investor relations and optimizing its financial structure amidst changing market conditions.
More about Tiangong International Co. Ltd.
Tiangong International Co. Ltd. operates in the manufacturing industry, focusing on producing high-quality tools and materials. The company is involved in the production and distribution of precision tools and new materials, serving various industrial sectors.
YTD Price Performance: 7.27%
Average Trading Volume: 3,245
Technical Sentiment Signal: Sell
Current Market Cap: €692.5M
Learn more about 0826 stock on TipRanks’ Stock Analysis page.