China ITS Holdings Terminates $5 Million Fund Subscription
China ITS Holdings Co., Ltd. announced the termination of a $5 million subscription to a fund due to the Investment Manager's decision to suspend investment in a target company. The full subscription amount will be returned, and the board assures no adverse effects on the company's business or financial conditions. The stock is rated as a Buy with a HK$0.50 price target.
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China ITS Holdings Co., Ltd. ( (HK:1900) ) has shared an announcement.
China ITS Holdings Co., Ltd. announced the termination of a previously planned subscription of Class A Shares in a fund, following a decision by the Investment Manager to suspend the fund’s investment in a target company. The termination involves the return of the full subscription amount of US$5 million to the company, with no shares held in the fund. The board stated that this decision will not adversely affect the company’s business, operational, or financial conditions.
The most recent analyst rating on (HK:1900) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.
More about China ITS Holdings Co., Ltd.
China ITS Holdings Co., Ltd. operates in the intelligent transportation systems industry, providing solutions and services that enhance traffic management and transportation infrastructure. The company focuses on leveraging technology to improve transportation efficiency and safety.
Average Trading Volume: 2,757,649
Technical Sentiment Signal: Buy
Current Market Cap: HK$550.5M
Find detailed analytics on 1900 stock on TipRanks’ Stock Analysis page.
