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Coastal Greenland Limited ( (HK:1124) ) has issued an announcement.
Coastal Greenland Limited has announced a possible mandatory conditional cash offer involving the sale of 153,126,197 shares, representing approximately 36.93% of its issued share capital. The Vendor, a company with significant holdings by executive directors and other stakeholders, plans to sell these shares to the Offeror, an investment holding company. The transaction is subject to due diligence and the finalization of a formal sale and purchase agreement.
The most recent analyst rating on (HK:1124) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Coastal Greenland Limited stock, see the HK:1124 Stock Forecast page.
More about Coastal Greenland Limited
Average Trading Volume: 4,183,522
Technical Sentiment Signal: Hold
Current Market Cap: HK$122.3M
For detailed information about 1124 stock, go to TipRanks’ Stock Analysis page.