Beijing SinoHytec Announces Potential Acquisition and Share Issuance

Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has shared an update.

Beijing SinoHytec Co., Ltd. has announced a potential acquisition involving the purchase of the entire equity interests in a target company from Risun Group, with the transaction to be financed through the issuance of Consideration Shares. Additionally, the company plans to issue new A Shares to raise up to RMB550 million in ancillary funds, which will not exceed 30% of its current share capital. These transactions, if completed, may constitute a major transaction under the Listing Rules, requiring shareholder approval. The final terms and consideration are yet to be finalized, and the company will ensure compliance with relevant regulatory requirements.

More about Beijing SinoHytec Co., Ltd. Class H

YTD Price Performance: 36.01%

Average Trading Volume: 379,206

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$6.09B

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