China Hongqiao Group Ltd. (HK:1378) has released an update.
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China Hongqiao Group Ltd. has announced an intent to boost its asset securitization by acquiring all equity interests in Shandong Hongtuo Industrial through its subsidiary Hontron Holdings, which will issue new shares to current shareholders as consideration. This strategic move aims to enhance the company’s long-term growth prospects. Investors are advised to stay cautious as the transaction is still in its preliminary stages and awaits regulatory approvals.
For further insights into HK:1378 stock, check out TipRanks’ Stock Analysis page.