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Domaine Power Holdings Limited ( (HK:0442) ) has issued an update.
Domaine Power Holdings Limited has entered into a major transaction involving the acquisition of shares in VAX Limited, a company operating a virtual asset trading platform in Hong Kong. The transaction involves a purchase agreement valued at HK$100 million, with part of the payment made through the issuance of convertible bonds. This acquisition, which requires shareholder approval, is significant due to its size and the involvement of connected parties, including Dr. So Shu Fai, a director and major shareholder of both companies. The deal is subject to regulatory requirements and aims to enhance Domaine Power’s position in the virtual asset trading industry.
The most recent analyst rating on (HK:0442) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Domaine Power Holdings Limited stock, see the HK:0442 Stock Forecast page.
More about Domaine Power Holdings Limited
Average Trading Volume: 109,466
Technical Sentiment Signal: Sell
Current Market Cap: HK$146.8M
Learn more about 0442 stock on TipRanks’ Stock Analysis page.