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Central Wealth Group Holdings Limited ( (HK:0139) ) has issued an announcement.
Central Wealth Group Holdings Limited has announced a major and connected transaction involving the acquisition of 49% equity interests in a company, as well as a discloseable transaction for acquiring listed securities. The acquisition, valued at HK$330,150,000, involves a connected person at the subsidiary level and is subject to reporting and announcement requirements under the Hong Kong Listing Rules, but it is exempt from independent shareholders’ approval. This strategic move is expected to enhance the company’s market positioning and is considered fair and reasonable by the board.
More about Central Wealth Group Holdings Limited
Average Trading Volume: 315,580,336
Technical Sentiment Signal: Buy
Current Market Cap: HK$1B
For a thorough assessment of 0139 stock, go to TipRanks’ Stock Analysis page.