CALB Lifts Stake in Wuhan Subsidiary to 59.3% via RMB660 Million Connected Deal

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge-fund level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialThe latest announcement is out from CALB Co., Ltd. Class H ( (HK:3931) ). CALB Group Co., Ltd. has increased its stake in a Wuhan-based subsidiary by acquiring an additional 8.3155% equity interest from Wuhan Jingkai Investment Co., Ltd. for RMB660.1 million, following a successful bid in a public tender conducted by the China Beijing Equity Exchange. The transaction, funded from internal resources, raises CALB’s ownership in the target company from 51% to 59.3155%, reinforcing control while the entity remains a non-wholly owned subsidiary. Classified as a connected transaction at the subsidiary level under Hong Kong listing rules, the deal is subject only to reporting and announcement requirements, signalling a relatively modest but strategic capital deployment aimed at consolidating CALB’s operational base without triggering more onerous shareholder approval procedures. The most recent analyst rating on (HK:3931) stock is a Hold with a HK$31.00 price target. To see the full list of analyst forecasts on CALB Co., Ltd. Class H stock, see the HK:3931 Stock Forecast page. More about CALB Co., Ltd. Class H CALB Group Co., Ltd. is a China-incorporated joint stock company listed in Hong Kong that operates in the advanced battery and energy storage sector, supplying lithium battery products and related solutions to domestic and international customers, with a focus on new energy vehicles and energy storage systems. The group expands its production and technology footprint through majority-owned subsidiaries across key industrial hubs in China. Average Trading Volume: 7,920,491 Technical Sentiment Signal: Buy Current Market Cap: HK$45.44B For a thorough assessment of 3931 stock, go to TipRanks’ Stock Analysis page.