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China Modern Dairy Holdings Ltd. ( (HK:1117) ) just unveiled an update.
China Modern Dairy Holdings Ltd. has announced an extension for the dispatch of the offer document related to a possible mandatory conditional cash offer to acquire all issued shares of China Shengmu Organic Milk Limited. This extension is due to the need for additional time to satisfy conditions under the Share Purchase Agreements and to finalize information for the offer document. The extension aims to ensure all necessary conditions are met and is expected to impact the timeline for the acquisition process.
The most recent analyst rating on (HK:1117) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on China Modern Dairy Holdings Ltd. stock, see the HK:1117 Stock Forecast page.
More about China Modern Dairy Holdings Ltd.
China Modern Dairy Holdings Ltd. operates in the dairy industry, focusing on the production and distribution of dairy products. The company is known for its involvement in the acquisition and management of dairy farms, aiming to enhance its market presence and operational efficiency.
Average Trading Volume: 16,220,525
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.94B
For an in-depth examination of 1117 stock, go to TipRanks’ Overview page.