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DL Holdings Group Limited ( (HK:1709) ) has provided an announcement.
DL Holdings Group Limited has entered into a legally-binding term sheet with Youngtimers AG for an intended subscription of shares. The agreement involves DL Holdings subscribing to 19,047,618 shares of Youngtimers AG at a price of CHF0.42 per share, totaling US$10 million. The transaction will be partially satisfied by cash and by issuing consideration shares to Youngtimers AG. Additionally, DL Holdings will have the option to acquire more shares in Youngtimers AG through a call option. This move is subject to the signing of a formal agreement and may impact DL Holdings’ share capital and market positioning.
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
DL Holdings Group Limited is a company incorporated in the Cayman Islands with limited liability. It is listed on the Hong Kong Stock Exchange and engages in various investment activities.
Average Trading Volume: 68,430,799
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.95B
For an in-depth examination of 1709 stock, go to TipRanks’ Overview page.