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Skymission Group Holdings Limited ( (HK:1429) ) has shared an announcement.
Control of Skymission Group Holdings Limited has changed hands after Dacheng International Holdings Limited acquired 1.2 billion shares, representing 75% of the company’s issued share capital, from the previous vendor at a total consideration of HK$114 million, or HK$0.095 per share, fully funded in cash by Mr. Zou’s personal savings without external borrowing. Following completion of this transaction on 16 January 2026, Dacheng and its concert parties now hold a controlling stake, triggering a mandatory unconditional cash offer at HK$0.095 per share for all remaining issued shares not already owned by them, a move that could significantly reshape Skymission’s ownership structure and provide minority shareholders with an exit opportunity while potentially paving the way for new strategic direction under the new controlling shareholder.
The most recent analyst rating on (HK:1429) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Skymission Group Holdings Limited stock, see the HK:1429 Stock Forecast page.
More about Skymission Group Holdings Limited
Skymission Group Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1429. The announcement relates primarily to its shareholding structure and control rather than detailing its underlying business operations, products, or services.
Average Trading Volume: 5,319,428
Technical Sentiment Signal: Buy
Current Market Cap: HK$294.4M
See more data about 1429 stock on TipRanks’ Stock Analysis page.