New Hope Service Boosts Stake to 96.5% in Key Subsidiary via Connected Deal
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New Hope Service Holdings Limited has announced an agreement to acquire an additional 45.5% equity interest in a non-wholly owned subsidiary for RMB74.85 million, raising its stake to 96.5%. The deal is classified as a discloseable and connected transaction under Hong Kong listing rules, endorsed by the board as fair. The latest analyst rating for the stock (HK:3658) is a Buy with a price target of HK$2.50. The company operates in property-related services and aims to consolidate control over key subsidiaries.
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