Capital Estate Limited (HK:0193) has released an update.
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Cedarwood Ventures Limited has successfully completed its mandatory unconditional cash offer to acquire additional shares of Capital Estate Limited, raising its stake to over 62% of the company’s total share capital. The offer saw valid acceptances for over 24 million shares, marking a significant increase in Cedarwood’s control over the company. This move highlights strategic maneuvers in the stock market, attracting attention from investors interested in corporate acquisitions.
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