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An announcement from Cheerwin Group Limited ( (HK:6601) ) is now available.
Cheerwin Group Limited has agreed, via a wholly owned subsidiary, to acquire the entire equity interests of a target company for a maximum consideration of RMB450 million (approximately HK$495 million), after which the target will become an indirect wholly owned subsidiary and its financial results will be consolidated into Cheerwin’s accounts. The acquisition qualifies as a major transaction under Hong Kong listing rules, and while it has been approved by written consent from the controlling shareholder holding 74.25% of issued shares, the deal remains subject to satisfaction or waiver of several conditions, with a circular to be sent to shareholders outlining details, leaving investors advised to exercise caution as the transaction may or may not proceed.
The most recent analyst rating on (HK:6601) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Cheerwin Group Limited stock, see the HK:6601 Stock Forecast page.
More about Cheerwin Group Limited
Cheerwin Group Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 6601, operates as a consumer goods group, with its business conducted through various wholly owned subsidiaries. The company focuses on expanding its portfolio and scale through strategic acquisitions and integration of target businesses into its consolidated group structure.
Average Trading Volume: 1,306,344
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.91B
For detailed information about 6601 stock, go to TipRanks’ Stock Analysis page.