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China Alliance Venture Limited Completes Cash Offer for China Wacan Group Shares

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China Alliance Venture Limited Completes Cash Offer for China Wacan Group Shares

Confident Investing Starts Here:

The latest announcement is out from Hands Form Holdings Limited ( (HK:1920) ).

China Alliance Venture Limited and China Wacan Group Company Limited announced the closure of a mandatory unconditional cash offer made by Yellow River Securities Limited on behalf of China Alliance Venture Limited to acquire all issued shares of China Wacan Group, excluding those already owned or agreed to be acquired by China Alliance Venture Limited and its concert parties. The offer closed with five valid acceptances, representing approximately 1.31% of the total issued share capital, resulting in China Alliance Venture Limited and its concert parties holding approximately 63.81% of the company’s shares. The total cash consideration for the offer amounted to HK$1,049,341.5, with remittances to be dispatched to shareholders within seven business days.

More about Hands Form Holdings Limited

YTD Price Performance: -41.38%

Average Trading Volume: 552,394

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$159.1M

Learn more about 1920 stock on TipRanks’ Stock Analysis page.

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