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An update from Allied Group ( (HK:0373) ) is now available.
Allied Group Limited, through its indirect wholly-owned subsidiary Wah Cheong Development (B.V.I.) Limited, made a conditional voluntary cash offer to acquire all issued shares of Dragon Mining Limited. However, the offer lapsed on 8 August 2025 as the acceptance condition, which required more than 50% of the voting rights, was not met. This outcome suggests a potential shift in Allied Group’s acquisition strategy and may impact its market positioning and stakeholder interests.
More about Allied Group
Allied Group Limited is a company incorporated in Hong Kong with limited liability, primarily involved in financial services and investment. It operates in various sectors and has a market focus that includes strategic acquisitions and investments.
Average Trading Volume: 381,591
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.73B
Learn more about 0373 stock on TipRanks’ Stock Analysis page.