Holly Futures Completes Shareholding Reduction Plan
Holly Futures Co. Ltd. announced the completion of a shareholding reduction plan by its controlling shareholder’s concerted parties, High Hope Group and Holly Logistics. The reduction involved the sale of 10,077,647 A shares, representing 1% of the company’s total share capital, through centralized bidding. This strategic adjustment may impact the company’s market positioning and shareholder dynamics.
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Holly Futures Co. Ltd. Class H ( (HK:3678) ) has provided an update.
Holly Futures Co. Ltd. announced the completion of a shareholding reduction plan by its controlling shareholder’s concerted parties, High Hope Group and Holly Logistics. The reduction involved the sale of 10,077,647 A shares, representing 1% of the company’s total share capital, through centralized bidding. This move is part of a strategic adjustment by the company’s stakeholders and may impact the company’s market positioning and shareholder dynamics.
The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.
More about Holly Futures Co. Ltd. Class H
Holly Futures Co. Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. The company is primarily involved in futures trading and related financial services, with a market focus in Hong Kong.
Average Trading Volume: 13,098,193
Technical Sentiment Signal: Buy
Current Market Cap: HK$878.9M
Find detailed analytics on 3678 stock on TipRanks’ Stock Analysis page.
