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Bright Smart Securities & Commodities Group Limited ( (HK:1428) ) has shared an update.
Bright Smart Securities & Commodities Group Limited, incorporated in the Cayman Islands, is involved in a potential acquisition scenario where Morgan Stanley Asia Limited, on behalf of Wealthiness and Prosperity Holding Limited, is making an unconditional mandatory cash offer for all issued shares of the company not already owned by the offeror. The announcement provides an update on the status of the completion conditions required for the offer to proceed. As of now, only one of the completion conditions has been satisfied, and with the Long Stop Date approaching, there is uncertainty about whether the remaining conditions will be met in time. The offeror is considering extending the Long Stop Date, and further updates will be provided as necessary.
The most recent analyst rating on (HK:1428) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Bright Smart Securities & Commodities Group Limited stock, see the HK:1428 Stock Forecast page.
More about Bright Smart Securities & Commodities Group Limited
Average Trading Volume: 32,808,780
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.65B
Learn more about 1428 stock on TipRanks’ Stock Analysis page.