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Allied Group ( (HK:0373) ) has shared an announcement.
Allied Group Limited, through its subsidiary Wah Cheong Development (B.V.I.) Limited, has announced a conditional voluntary cash offer to acquire all issued shares of Dragon Mining Limited. The offer is priced at HK$2.60 per share, with a maximum acquisition of 111,218,886 shares, amounting to a total cash requirement of HK$289,169,103.60. The transaction is subject to regulatory approvals and is aimed at consolidating Allied Group’s position in the market.
More about Allied Group
Allied Group Limited is a company incorporated in Hong Kong with limited liability, operating in the financial sector. It is involved in various transactions and investments, focusing on strategic acquisitions and market expansion.
Average Trading Volume: 348,460
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.31B
See more insights into 0373 stock on TipRanks’ Stock Analysis page.