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Hengdeli Holdings ( (HK:3389) ) has issued an update.
Empire Charm Limited’s voluntary unconditional general cash offer for Hengdeli Holdings Limited has closed, with valid acceptances received for approximately 995.7 million shares, representing about 22.61% of Hengdeli’s issued share capital. Following completion of the transfers, Empire Charm and its concert parties will increase their aggregate stake in Hengdeli from about 61.79% to roughly 80.69%, consolidating control and significantly reducing the public float, a development that may have implications for the company’s share liquidity and its future compliance with public float requirements under Hong Kong listing rules. The offer has not been revised or extended, and cash consideration to accepting shareholders is scheduled to be dispatched within seven business days after receipt of all required documents, with the final payments for acceptances received by the closing date to be made no later than 3 February 2026.
The most recent analyst rating on (HK:3389) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Hengdeli Holdings stock, see the HK:3389 Stock Forecast page.
More about Hengdeli Holdings
Hengdeli Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the retail and distribution sector, historically focusing on timepieces and related products in Greater China. The company’s shares are traded on the Main Board of the Stock Exchange of Hong Kong under stock code 3389, attracting both strategic and financial investors through its consumer-focused business model.
Average Trading Volume: 5,786,941
Technical Sentiment Signal: Hold
Current Market Cap: HK$612.2M
See more data about 3389 stock on TipRanks’ Stock Analysis page.