ICO Group Limited Announces Subscription of Preferred Shares in Weitu AI Inc.
ICO Group Limited has announced a subscription agreement to acquire 34,479 preferred shares in Weitu AI Inc. for US$3,000,000, representing about 2.54% of Weitu's share capital. This transaction is significant under Hong Kong’s Listing Rules and indicates ICO Group's strategic investment in the technology sector. The current analyst rating for ICO Group (HK:1460) is a Buy with a price target of HK$0.50.
ICO Group Limited ( (HK:1460) ) has shared an announcement.
ICO Group Limited, incorporated in the Cayman Islands, announced a discloseable transaction involving a subscription agreement with Weitu AI Inc. The agreement involves ICO Group subscribing to 34,479 preferred shares of Weitu AI Inc. for a total of US$3,000,000, representing approximately 2.54% of the company’s share capital. This transaction, subject to certain conditions, is significant under Hong Kong’s Listing Rules and reflects ICO Group’s strategic investment in the technology sector.
The most recent analyst rating on (HK:1460) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on ICO Group Limited stock, see the HK:1460 Stock Forecast page.
More about ICO Group Limited
Average Trading Volume: 468,196
Technical Sentiment Signal: Buy
Current Market Cap: HK$263.3M
Learn more about 1460 stock on TipRanks’ Stock Analysis page.
