Feiyu Technology Announces Shareholder Change in PRC Entity
Feiyu Technology International Company Ltd. (HK:1022) announced a change in shareholders of its PRC Operating Entity, Xiamen Guanghuan. Ms. Chen Yongchun transferred her 3% equity interest to Mr. Bi Lin, an executive director. This transfer maintains existing contractual arrangements and control over the PRC entities. The latest analyst rating for HK:1022 is a Hold with a price target of HK$1.00. Feiyu Technology operates in the technology sector and is listed on the Hong Kong Stock Exchange with a market cap of HK$1.24B.
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The latest announcement is out from Feiyu Technology International Company Ltd. ( (HK:1022) ).
Feiyu Technology International Company Ltd. announced a change in the registered shareholders of its PRC Operating Entity, Xiamen Guanghuan. Ms. Chen Yongchun transferred her 3% equity interest and associated rights and obligations to Mr. Bi Lin, an executive director and existing shareholder. The transfer ensures that the existing contractual arrangements remain valid and enforceable, maintaining the company’s control over the PRC Operating Entities without the need for new agreements.
The most recent analyst rating on (HK:1022) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Feiyu Technology International Company Ltd. stock, see the HK:1022 Stock Forecast page.
More about Feiyu Technology International Company Ltd.
Feiyu Technology International Company Ltd. is a company incorporated in the Cayman Islands with limited liability, and its shares are listed on the Main Board of the Stock Exchange of Hong Kong. The company operates in the technology sector, focusing on maintaining control over its PRC Operating Entities through contractual arrangements to consolidate financial results as if they were wholly-owned subsidiaries.
Average Trading Volume: 8,606,222
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.24B
