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ADICON Holdings Limited ( (HK:9860) ) has provided an announcement.
ADICON Holdings Limited has announced a significant acquisition involving 100% equity interests in two target companies, Yuande Weikang and Yuande Youqin. This transaction, valued at HKD191.0 million and RMB50,000,000 respectively, will be executed through the issuance of consideration shares and cash payment. The acquisition, which is classified as a discloseable transaction under Hong Kong’s Listing Rules, is expected to enhance ADICON’s market position, although its completion is contingent upon certain conditions being met.
More about ADICON Holdings Limited
YTD Price Performance: -18.40%
Average Trading Volume: 1,714,433
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.35B
Learn more about 9860 stock on TipRanks’ Stock Analysis page.