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The latest update is out from Link-Asia International Medtech Group Ltd. ( (HK:1143) ).
China Energy Storage Technology Development Limited has appointed Mango Financial Limited as independent financial adviser to its Independent Board Committee as it evaluates a proposed privatisation and related option scheme. Mango Financial, licensed in Hong Kong for multiple regulated activities, will provide an opinion on the terms of the offer and advise the committee on its recommendations to minority shareholders.
The adviser’s views and the Independent Board Committee’s recommendations will be set out in a forthcoming scheme document to be sent to shareholders in line with Hong Kong Takeovers Code and Cayman court requirements. The company cautioned investors that completion of the privatisation and option proposals remains subject to various conditions, meaning the transaction may or may not proceed, and urged stakeholders to exercise care when trading its securities.
The most recent analyst rating on (HK:1143) stock is a Hold with a HK$0.38 price target. To see the full list of analyst forecasts on Link-Asia International Medtech Group Ltd. stock, see the HK:1143 Stock Forecast page.
More about Link-Asia International Medtech Group Ltd.
China Energy Storage Technology Development Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the energy storage and related technology sector. The company is controlled by FAME CASTLE ENTERPRISES LIMITED and is currently the subject of a proposed privatisation via a scheme of arrangement under Cayman Islands law, targeting its public shareholders and option holders.
Average Trading Volume: 2,143,743
Technical Sentiment Signal: Sell
Current Market Cap: HK$89.72M
See more insights into 1143 stock on TipRanks’ Stock Analysis page.