Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Accel Group Holdings Limited ( (HK:1283) ) has shared an announcement.
Accel Group Holdings Limited, a company incorporated in the Cayman Islands, has announced a discloseable transaction involving the acquisition of a target company. The acquisition, valued at HK$24,000,000, will be partially satisfied through cash and the issuance of consideration shares under a general mandate. This transaction will result in Accel Group holding 20% of the issued shares of the target company, subject to certain conditions being met. The acquisition is significant as it exceeds certain percentage ratios, making it subject to reporting and announcement requirements under Hong Kong’s Listing Rules.
The most recent analyst rating on (HK:1283) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Accel Group Holdings Limited stock, see the HK:1283 Stock Forecast page.
More about Accel Group Holdings Limited
Average Trading Volume: 664,140
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.09B
For an in-depth examination of 1283 stock, go to TipRanks’ Overview page.