FSM Holdings Limited Faces U.S. Sanctions Due to Ownership Structure
FSM Holdings Limited (HK:1721) faces U.S. sanctions due to indirect ownership by Mr. Li, who holds 60.23% of shares. The company does not anticipate significant operational impact as it operates mainly outside the U.S. and is not involved in the activities leading to the sanctions. FSM is seeking legal advice and advises caution to shareholders and potential investors. The latest analyst rating for HK:1721 is a Hold with a price target of HK$0.50. Current market cap is HK$435M with an average trading volume of 247,272.
FSM Holdings Limited ( (HK:1721) ) has shared an update.
FSM Holdings Limited announced that due to the indirect ownership by Mr. Li, who holds approximately 60.23% of the company’s shares, it is subject to U.S. sanctions as outlined by OFAC. Despite this, the company does not expect any material adverse impact on its operations, as it primarily operates outside the U.S. and is not directly involved in the activities leading to the sanctions. The company is seeking legal advice to understand the full implications and advises shareholders and potential investors to exercise caution.
The most recent analyst rating on (HK:1721) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on FSM Holdings Limited stock, see the HK:1721 Stock Forecast page.
More about FSM Holdings Limited
FSM Holdings Limited operates primarily in Singapore, Malaysia, Hong Kong, and the People’s Republic of China, focusing on industries outside the United States. The company is not directly involved in the activities leading to recent sanctions and has its material assets located in Singapore and Hong Kong.
Average Trading Volume: 247,272
Technical Sentiment Signal: Sell
Current Market Cap: HK$435M
