Apollo Future Mobility Group Limited (HK:0860) has released an update.
Apollo Future Mobility Group Limited has announced a significant transaction involving the sale of approximately 12.87% of the shares in a Target Company for US$101.5 million, with the resumption of trading set for 9:00 a.m. on 8 August 2024. This major disposal requires shareholder approval and has led to a trading halt, with the deal’s completion contingent on certain conditions being met. Investors are urged to be cautious when trading shares in light of this development.
For further insights into HK:0860 stock, check out TipRanks’ Stock Analysis page.