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Xuan Wu Cloud Technology Holdings Limited ( (HK:2392) ) has shared an announcement.
Xuan Wu Cloud Technology Holdings Limited has announced a significant transaction involving the capital injection and equity transfer of its indirect non-wholly-owned subsidiary. The company operates in the technology sector, focusing on providing cloud-based services and solutions. The transaction involves Mr. Chen injecting RMB20,000,000 into the Target Company, and the Vendor selling portions of its equity to Xuantong Tongda and Xuantong Tonghe. This will result in the Target Company’s registered capital increasing to RMB50,000,000, with changes in ownership distribution. Consequently, the Target Company will no longer be consolidated into the Group’s financial statements and will become an associate of Mr. Chen.
The most recent analyst rating on (HK:2392) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Xuan Wu Cloud Technology Holdings Limited stock, see the HK:2392 Stock Forecast page.
More about Xuan Wu Cloud Technology Holdings Limited
Average Trading Volume: 2,026,338
Technical Sentiment Signal: Hold
Current Market Cap: HK$584.7M
Learn more about 2392 stock on TipRanks’ Stock Analysis page.