Beijing Saimo Brings in Strategic Investors Through Capital Increase at Key Subsidiary
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Beijing Saimo Technology Co. Ltd. has entered into an Investment Agreement with three investors to raise RMB9.61 million for a subsidiary, increasing its registered capital from RMB10 million to approximately RMB19.61 million. Beijing Saimo will retain a 51% stake, while the investors will hold 49%. This transaction is deemed a disposal under Hong Kong Listing Rules but does not affect overall control. The latest analyst rating for Beijing Saimo's stock (HK:2571) is a Buy with a price target of HK$14.50.
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