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MEGAIN Holding (Cayman) Co. Ltd. ( (HK:6939) ) has provided an update.
GEEHY International Limited has agreed to acquire approximately 40.67% of MEGAIN Holding (Cayman) Co. Ltd.’s issued share capital from existing vendors for HK$105.5 million, at HK$0.50 per share, subject to conditions precedent and regulatory compliance. In tandem, MEGAIN and GEEHY have entered into subscription agreements under a general mandate for GEEHY to subscribe to 103.75 million new shares at HK$0.61 per share, representing 20% of current and about 16.67% of enlarged share capital, alongside a possible unconditional mandatory cash offer for the remaining shares and the planned resumption of trading, moves that will significantly reshape MEGAIN’s ownership structure, inject roughly HK$61.3 million in net proceeds, and potentially alter control dynamics and stakeholder outlook.
The most recent analyst rating on (HK:6939) stock is a Hold with a HK$0.78 price target. To see the full list of analyst forecasts on MEGAIN Holding (Cayman) Co. Ltd. stock, see the HK:6939 Stock Forecast page.
More about MEGAIN Holding (Cayman) Co. Ltd.
MEGAIN Holding (Cayman) Co. Ltd. is a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. It operates through an issued share capital structure and raises funds on the public markets, positioning itself to attract strategic investors to support its business development and growth plans.
Average Trading Volume: 188,040
Technical Sentiment Signal: Buy
Current Market Cap: HK$389.1M
For detailed information about 6939 stock, go to TipRanks’ Stock Analysis page.