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BC Technology Group Limited ( (HK:0863) ) just unveiled an update.
BC Technology Group Limited, through its wholly-owned subsidiary, has entered into a Share Purchase Agreement to acquire 90% of the issued shares of a target company for approximately US$15 million. This acquisition will be settled through the issuance of new shares under the company’s General Mandate, which allows for the issuance of up to 20% of the company’s share capital. The transaction will result in the target company becoming an indirect subsidiary, with its financial results consolidated into BC Technology Group’s financial statements. This strategic acquisition is expected to enhance the company’s market position and operational capabilities.
More about BC Technology Group Limited
Average Trading Volume: 1,672,102
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.67B
See more insights into 0863 stock on TipRanks’ Stock Analysis page.