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Affluent Foundation Holdings Ltd. ( (HK:1757) ) just unveiled an announcement.
Affluent Foundation Holdings Ltd., a Cayman Islands-incorporated company listed in Hong Kong, has reported a change in its shareholding structure following a mandatory unconditional cash offer by China VC Holdings Limited. The offer to acquire all issued shares not already owned by China VC resulted in only one valid acceptance covering 4,390,000 shares, or about 0.37% of Affluent Foundation’s issued share capital, bringing China VC and concert parties’ stake to approximately 75.37%. Settlement of the HK$390,710 total cash consideration for the tendered shares will be completed by ordinary post within the prescribed timeline under the Takeovers Code. The outcome confirms China VC’s majority control while maintaining a sufficient public float, clarifying ownership concentration for shareholders and the market.
The most recent analyst rating on (HK:1757) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Affluent Foundation Holdings Ltd. stock, see the HK:1757 Stock Forecast page.
More about Affluent Foundation Holdings Ltd.
Affluent Foundation Holdings Ltd. is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 1757. The announcement relates to changes in its shareholding structure following a mandatory unconditional cash offer but does not specify the company’s industry, products, services or primary business focus.
Average Trading Volume: 3,179,715
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.68B
See more insights into 1757 stock on TipRanks’ Stock Analysis page.