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The latest update is out from Coastal Greenland Limited ( (HK:1124) ).
Coastal Greenland Limited has disclosed that negotiations are still ongoing between the controlling shareholder (the Vendor) and a potential buyer (the Offeror) over a possible sale of 153,126,197 shares and an associated shareholder loan, which could trigger a mandatory conditional cash offer for the company under Hong Kong’s Takeovers Code. No binding sale and purchase agreement has yet been signed, and the company will continue issuing monthly updates as required, while cautioning shareholders and potential investors that there is no certainty the talks will result in a transaction or a general offer, underscoring continued ownership uncertainty and potential changes in control for stakeholders.
The most recent analyst rating on (HK:1124) stock is a Hold with a HK$0.32 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
Coastal Greenland Limited is a Bermuda-incorporated company listed in Hong Kong, operating in the property development and real estate sector, with its shares traded under stock code 1124.
Average Trading Volume: 2,160,938
Technical Sentiment Signal: Sell
Current Market Cap: HK$94.53M
For a thorough assessment of 1124 stock, go to TipRanks’ Stock Analysis page.