FSM Holdings Limited Faces U.S. Sanctions Due to Ownership Structure
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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.
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