Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Cybernaut International Holdings Company Limited ( (HK:1020) ) is now available.
Cybernaut International Holdings Company Limited has announced an extraordinary general meeting to approve a significant acquisition. The company plans to acquire 100% of the issued shares in Newsbaba LTD through a sale and purchase agreement with CIPRUN.LTD. This acquisition is expected to enhance Cybernaut’s market position and expand its operational capabilities. Additionally, the company seeks approval to issue new ordinary shares as part of the acquisition consideration, which could impact shareholder value and the company’s financial structure.
More about Cybernaut International Holdings Company Limited
Cybernaut International Holdings Company Limited is a company incorporated in the Cayman Islands, with a focus on technology development. It operates through its subsidiaries, engaging in various business activities primarily in Hong Kong and the People’s Republic of China.
Average Trading Volume: 3,364,252
Technical Sentiment Signal: Sell
Current Market Cap: HK$265.3M
For a thorough assessment of 1020 stock, go to TipRanks’ Stock Analysis page.