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NWS Holdings ( (HK:0659) ) just unveiled an announcement.
CTF Services Limited has announced that the share purchase agreements relating to the Stage 2 acquisitions of additional equity interests in uSmart Inlet Group Ltd and Genius Professional Enterprises Limited have lapsed after the 31 December 2025 long stop date passed without all required regulatory approvals being obtained and without any extension being agreed among the parties. While this halts the planned increase in ownership, the group retains its existing approximately 13.05% stake in the target company, continues to account for it as an associate, and maintains board influence through an irrevocable undertaking that keeps its nominated representative, director and chairman Brian Cheng, in place; the board emphasised that the lapse of the Stage 2 transactions is not expected to have a material adverse impact on the group’s business, operations or financial position and that it will explore alternative cooperation or arrangements with the relevant parties, leaving investors to watch for future announcements on the company’s strategic direction in this investment.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.
More about NWS Holdings
CTF Services Limited, incorporated in Bermuda and listed in Hong Kong, is part of the Cheng family business ecosystem and operates as an investment holding company with interests in diversified businesses. Through its group structure it holds strategic equity stakes in various enterprises, including financial and services-related targets such as uSmart Inlet Group Ltd and Genius Professional Enterprises Limited, treating some of these as associates for accounting purposes.
Average Trading Volume: 2,179,245
Technical Sentiment Signal: Buy
Current Market Cap: HK$33.62B
See more data about 0659 stock on TipRanks’ Stock Analysis page.