Truly International intends to spin off the non-wholly owned subsidiary of the Company, and to list separately on the Shenzhen Stock Exchange After the completion of the Proposed Spin-off, Truly International is expected to indirectly control approximately 69.15% to 72.61% of the equity interest in Truly Shanwei. Completed in early 2018.
In addition, CICP released a research report that Citigroup actively cut into the car display business, optimistic about the long-term development of non-smart phone business, and with music as bad debts all at once, the future earnings will pick up. CAGR was 37.8% CAGR in 2016-2019, and its market share increased from 6.4% in 2016 to 12.6% in 2019. Therefore, CICC raised its target price of CLT International by 12.2% to HK $ 4.14 and its rating to 'Recommended' .