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Eminence Enterprise Limited ( (HK:0616) ) just unveiled an announcement.
Eminence Enterprise Limited has announced a supplemental update regarding a very substantial acquisition and connected transaction, including the issuance of a convertible note under a specific mandate. The purchase price is approximately HK$287.1 million, with potential adjustments settled in cash. The transaction involves the issuance of up to 1,698,816,568 conversion shares, significantly impacting the company’s share capital. However, the completion of the sale and purchase agreement is contingent upon several conditions, including shareholder approval, and may not proceed as planned.
The most recent analyst rating on (HK:0616) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Eminence Enterprise Limited stock, see the HK:0616 Stock Forecast page.
More about Eminence Enterprise Limited
Eminence Enterprise Limited is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company is involved in substantial acquisitions and financial transactions, focusing on strategic investments and market positioning.
Average Trading Volume: 16,541,737
Technical Sentiment Signal: Buy
Current Market Cap: HK$230.3M
Learn more about 0616 stock on TipRanks’ Stock Analysis page.