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The latest announcement is out from DL Holdings Group Limited ( (HK:1709) ).
DL Holdings Group Limited has entered into a Subscription Agreement with Youngtimers AG to subscribe for 19,047,618 shares at a price of CHF0.42 per share, totaling US$10 million. This transaction will be partially satisfied by cash and the issuance of Consideration Shares by DL Holdings. The agreement also includes a Call Option for DL Holdings to acquire additional shares in Youngtimers AG. The transaction is subject to conditions and may not proceed, with implications under the Listing Rules requiring reporting and announcement.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
More about DL Holdings Group Limited
Average Trading Volume: 64,038,058
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.57B
For detailed information about 1709 stock, go to TipRanks’ Stock Analysis page.