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Future World Holdings Limited ( (HK:0572) ) just unveiled an update.
Future World Holdings Limited has agreed to a major and connected transaction with executive director and substantial shareholder Mr. Lai, involving the transfer of listed securities and assignment of loan receivables for a total consideration of HK$119.2 million. The consideration will be settled through the set-off of existing indebtedness owed by Lai and Rejoice to the company, with any remaining net amount payable within one year of completion, and because the size tests exceed 25% but remain below 75%, the deal is classified as a major transaction that also qualifies as a connected transaction, requiring both announcement and independent shareholders’ approval under Hong Kong Listing Rules due to the related-party nature of the purchaser’s involvement.
The most recent analyst rating on (HK:0572) stock is a Hold with a HK$0.57 price target. To see the full list of analyst forecasts on Future World Holdings Limited stock, see the HK:0572 Stock Forecast page.
More about Future World Holdings Limited
Future World Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands, with its shares traded on the Stock Exchange of Hong Kong under stock code 572. It has a substantial shareholder base that includes executive directors who also hold significant equity stakes, making related-party transactions a notable governance consideration for the group.
Average Trading Volume: 51,678
Technical Sentiment Signal: Sell
Current Market Cap: HK$159.8M
Learn more about 0572 stock on TipRanks’ Stock Analysis page.