tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Guangdong-Hong Kong Greater Bay Area Holdings Announces Major Acquisition

Story Highlights
  • Guangdong-Hong Kong Greater Bay Area Holdings acquires a target company for HK$976,500,000.
  • The acquisition will result in financial consolidation and make the vendor a substantial shareholder.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Guangdong-Hong Kong Greater Bay Area Holdings Announces Major Acquisition

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Guangdong – Hong Kong Greater Bay Area Holdings Ltd. ( (HK:1396) ) just unveiled an update.

Guangdong – Hong Kong Greater Bay Area Holdings Ltd. announced a major transaction involving the acquisition of the entire issued share capital of a target company for HK$976,500,000. This acquisition will be completed through the issuance of consideration shares under a specific mandate, which will result in the target company becoming a wholly-owned subsidiary and its financials consolidated into the group. The transaction will also make the vendor a substantial shareholder in the company, and the target company will benefit from economic advantages through VIE agreements with a PRC project group.

More about Guangdong – Hong Kong Greater Bay Area Holdings Ltd.

Guangdong – Hong Kong Greater Bay Area Holdings Ltd. is a company incorporated in the Cayman Islands with limited liability, primarily involved in the acquisition and management of share capital in target companies. The company operates within the financial sector, focusing on strategic acquisitions to enhance its market position.

Average Trading Volume: 2,905,569

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.89B

See more insights into 1396 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1