Broad Gongga Tightens Control of Jinke Smart Services With New Irrevocable Undertakings

Jinke Smart Services Group Co., Ltd. Class H ( (HK:9666) ) has shared an announcement.

Broad Gongga Investment Pte. Ltd., through a revised mandatory cash offer for Jinke Smart Services Group, has significantly strengthened its control after securing both additional acceptances and new irrevocable undertakings from key shareholders. As of this announcement, the offeror and its concert parties now have interests in approximately 63.30% of Jinke Smart Services’ issued shares, supported by acceptances for about 7.39% of the share capital and commitments to accept the offer over a further 18.10%, including a new irrevocable undertaking from Hengye Meihao covering about 8.46% of the company. The move consolidates Broad Gongga’s majority position and points to a likely change in the company’s shareholder structure and governance influence, with implications for minority investors and the future strategic direction of the Hong Kong–listed property services group.

The most recent analyst rating on (HK:9666) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on Jinke Smart Services Group Co., Ltd. Class H stock, see the HK:9666 Stock Forecast page.

More about Jinke Smart Services Group Co., Ltd. Class H

Jinke Smart Services Group Co., Ltd. is a property management and smart community services provider incorporated in the People’s Republic of China and listed in Hong Kong, focusing on residential and related property services underpinned by technology-enabled, “smart” operations. The company operates within the broader property services and real estate support industry, serving homeowners, developers and related stakeholders across its managed projects.

Average Trading Volume: 468,908

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.72B

Find detailed analytics on 9666 stock on TipRanks’ Stock Analysis page.