GoFintech Innovation Limited (HK:0290) has released an update.
GoFintech Innovation Limited has announced a significant acquisition involving the purchase of shares in a target company listed on the stock exchange, which will increase its stake to approximately 29.13% post-completion. The acquisition, valued at HK$302,647,304.00, will be satisfied via the issuance of Consideration Shares at an approximate price of HK$0.89 per share. This strategic move is expected to lead to the target group’s financial results being included in GoFintech’s consolidated financial statements as an associate investment.
For further insights into HK:0290 stock, check out TipRanks’ Stock Analysis page.
