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Hancock & Gore Limited ( (AU:HNG) ) has shared an update.
H&G High Conviction Limited (HCF) has announced the completion of a significant divestment and share buy-back transaction involving Hancock & Gore Limited (H&G). The company has bought back and cancelled H&G’s entire shareholding in HCF and completed the sale of most of its assets to H&G. As a result, HCF received a substantial number of H&G shares, which it plans to distribute to its shareholders, excluding H&G, according to a specified timetable. This strategic move is expected to impact HCF’s shareholder structure and may influence its market positioning.
More about Hancock & Gore Limited
YTD Price Performance: -10.34%
Average Trading Volume: 121,646
Technical Sentiment Signal: Buy
Current Market Cap: A$115.3M
Find detailed analytics on HNG stock on TipRanks’ Stock Analysis page.