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CLSA Premium Ltd. ( (HK:6877) ) just unveiled an announcement.
CLSA Premium Limited, incorporated in the Cayman Islands, has entered a Share Transfer Agreement with Beijing Tong Ren Tang (Cayman) Limited. The agreement involves the transfer of 813,316,000 shares, representing 40% of CLSA’s total issued share capital, for HK$97,994,000. This transaction obliges the Offeror to make an unconditional mandatory cash offer for all remaining shares of CLSA Premium Limited not already owned or agreed to be acquired by the Offeror. This strategic move increases the Offeror’s stake to 59.03% of the company, indicating a significant shift in control and a potential impact on the company’s market operations and investor landscape.
More about CLSA Premium Ltd.
YTD Price Performance: 71.43%
Average Trading Volume: 397,750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$341.6M
Find detailed analytics on 6877 stock on TipRanks’ Stock Analysis page.