"Wanka Online Inc. has announced a capital increase in its joint venture, Suzhou Jinglan Cloud Technology Co., Ltd., with the introduction of a new investor, Suzhou Huanxiu Lake Xincheng Phase II Industrial Investment Fund. This capital increase, amounting to RMB60.0 million, aims to expand the joint venture's mobile advertising business and support its rapid growth. Despite the changes in shareholding structure, Wanka Online will maintain its controlling interest, ensuring continued consolidation of the joint venture's financial results into its own statements."
"The most recent analyst rating on (HK:1762) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wanka Online, Inc. stock, see the HK:1762 Stock Forecast page. More about Wanka Online, Inc.Wanka Online Inc. operates in the technology sector, focusing on mobile advertising. The company is involved in joint ventures to expand its market presence and enhance its service offerings."
Wanka Online Inc. announced a RMB60.0 million capital increase in its joint venture, Suzhou Jinglan Cloud Technology Co., Ltd., with Suzhou Huanxiu Lake Xincheng Phase II Industrial Investment Fund joining as a new investor. The capital infusion is intended to expand the joint venture’s mobile advertising business and support rapid growth. Wanka Online will retain a controlling interest and continue consolidating the joint venture’s financial results into its own statements. The stock carries a most recent analyst rating of Hold with a HK$0.50 price target, a Technical Sentiment Signal of Buy, average trading volume of 16,111,641, and a market capitalization of HK$1.5B.
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