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DL Holdings Clarifies BTC Mining Machines Acquisition Details

Story Highlights
  • DL Holdings clarifies its BTC mining machines acquisition involving convertible bonds and warrants.
  • Vendor with material interest will abstain from voting on the acquisition at the EGM.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
DL Holdings Clarifies BTC Mining Machines Acquisition Details

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DL Holdings Group Limited ( (HK:1709) ) has issued an update.

DL Holdings Group Limited has issued a clarification regarding its discloseable transaction involving the acquisition of BTC mining machines. The transaction includes the issuance of convertible bonds, warrants, and earn-out shares under a specific mandate. The company clarified details about the vendor’s shareholding and voting rights related to this acquisition, emphasizing that the vendor has a material interest in the transaction and will abstain from voting at the Extraordinary General Meeting (EGM). No other shareholders are required to abstain from voting.

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: 64,672,082

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.75B

For detailed information about 1709 stock, go to TipRanks’ Stock Analysis page.

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