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Greenheart Clears First Hurdle in Major Asset Disposal, Special Dividend Linked to Final Approval

Story Highlights
  • Greenheart has met all conditions for SPA 1 in its very substantial disposal, enabling completion.
  • SPA 2 still awaits key approvals, including Māori Court confirmation, before completion and special dividend payment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Greenheart Clears First Hurdle in Major Asset Disposal, Special Dividend Linked to Final Approval

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Greenheart Group ( (HK:0094) ) has issued an announcement.

Greenheart Group Limited has confirmed that all conditions under its first sale and purchase agreement (SPA 1) for a very substantial disposal of its sale assets have been satisfied, allowing the parties to move ahead to completion under the agreed terms. Completion of the second sale and purchase agreement (SPA 2) remains subject to the fulfilment or waiver of its conditions, including confirmation from the Māori Court, and the company said it will issue further announcements in due course on the transaction’s completion and the payment of a special dividend, developments that could reshape its asset base and return capital to shareholders.

The most recent analyst rating on (HK:0094) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Greenheart Group stock, see the HK:0094 Stock Forecast page.

More about Greenheart Group

Greenheart Group Limited is a Hong Kong-listed company incorporated in Bermuda that operates through a group structure, though this announcement does not specify its industry or principal products and services. The company is governed by a board comprising one executive director, four non-executive directors and three independent non-executive directors.

Average Trading Volume: 1,791,682

Technical Sentiment Signal: Buy

Current Market Cap: HK$189.2M

Find detailed analytics on 0094 stock on TipRanks’ Stock Analysis page.

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