Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest announcement is out from Da Sen Holdings Group Ltd ( (HK:1580) ).
Da Sen Holdings Group Limited has entered into a supplemental sale and purchase agreement for a previously announced major acquisition, adjusting the terms of the HK$9.49 million consideration to be paid in shares. The consideration shares, issued under a specific mandate at HK$0.17 each, will now be allotted in two tranches over 24 months, subject to the acquired target meeting revenue and profit guarantees in each period.
Under the revised structure, up to 27.9 million shares will be issued after each of the first and second 12‑month guarantee periods, with listing approval to be sought from the Hong Kong exchange. If the target company fails to achieve the guaranteed HK$50 million revenue and HK$4 million net profit in either year, the vendors must compensate Da Sen by a proportional reduction in shares, capping each year’s entitlement at 50% of the total consideration and tightening downside protection for existing shareholders.
More about Da Sen Holdings Group Ltd
Da Sen Holdings Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, is pursuing growth through acquisitions, using share issuances under specific mandates to expand its portfolio. The company focuses on structuring deals with performance-linked consideration to align vendors’ interests with its financial and operational targets.
Average Trading Volume: 421,350
Technical Sentiment Signal: Buy
Current Market Cap: HK$410.9M
For detailed information about 1580 stock, go to TipRanks’ Stock Analysis page.