China MeiDong Auto Makes Strategic US$20 Million Investment in Seres
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China MeiDong Auto Holdings (HK:1268) has announced a US$20 million investment in Seres through a Cornerstone Investment Agreement, marking a strategic move in the automotive sector. This investment is classified as a discloseable transaction under Hong Kong’s Listing Rules, potentially enhancing MeiDong's market presence. The current analyst rating for HK:1268 is Hold, with a price target of HK$2.00. Year-to-date, the stock has seen a price performance decline of 27.91%, with a market cap of HK$2.19 billion.
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