Honghua Group Sells Equity Stake in Strategic Divestment

Tip Ranks
2025.10.16 15:09
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Honghua Group Limited (HK:0196) has announced the sale of its entire 6.9152% equity stake in a target company to Chengdu Jiaozi for approximately RMB85,764,000. This strategic divestment is classified as a disclosable transaction under Hong Kong’s Listing Rules and may influence Honghua's investment portfolio and financial strategy. Honghua operates in the industrial sector, focusing on manufacturing drilling rigs and related equipment for the oil and gas industry, with a current market cap of HK$1.69B.

Honghua Group ( (HK:0196) ) just unveiled an update.

Honghua Group Limited announced the disposal of its entire 6.9152% equity interest in a target company to Chengdu Jiaozi for approximately RMB85,764,000. This transaction, classified as a disclosable transaction under Hong Kong’s Listing Rules, signifies Honghua’s strategic move to divest from the target company, potentially impacting its investment portfolio and financial strategy.

More about Honghua Group

Honghua Group Limited is a company incorporated in the Cayman Islands, operating in the industrial sector. It is known for its involvement in the manufacturing and sale of drilling rigs and related equipment, primarily serving the oil and gas industry.

Average Trading Volume: 3,307,049

Current Market Cap: HK$1.69B

Learn more about 0196 stock on TipRanks’ Stock Analysis page.

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