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An announcement from China Internet Investment Finance Holdings Ltd. ( (HK:0810) ) is now available.
China Castson 81 Finance Company Limited has issued a clarification related to its previously announced rights issue and associated whitewash waiver, providing additional disclosure under Hong Kong’s Takeovers Code. The company confirmed that, apart from the irrevocable undertaking and underwriting agreement, neither its subsidiaries nor related concert parties or associates held shares or related derivatives in the company during the relevant period.
The company also disclosed that substantial shareholder Goodchamp, which holds about 17.34% of its issued share capital and is acting as underwriter to the rights issue, intends along with Dr. Lam and their concert parties to maintain the group’s existing businesses and workforce without major asset redeployment aside from financial assets. It further clarified that regulators have agreed in principle to grant the whitewash waiver, subject to required approval thresholds by independent shareholders at a special general meeting, leaving other details of the earlier circular unchanged.
The most recent analyst rating on (HK:0810) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on China Internet Investment Finance Holdings Ltd. stock, see the HK:0810 Stock Forecast page.
More about China Internet Investment Finance Holdings Ltd.
China Castson 81 Finance Company Limited is a Bermuda-incorporated financial services company listed on the Stock Exchange of Hong Kong. The group operates within the finance sector, focusing on investment and related financial activities, with a shareholder base that includes substantial investor Goodchamp and an independent board structure comprising executive, non-executive and independent non-executive directors.
Average Trading Volume: 380,826
Technical Sentiment Signal: Sell
Current Market Cap: HK$30.75M
Learn more about 0810 stock on TipRanks’ Stock Analysis page.