The latest announcement is out from CPMC Holdings Limited ( (HK:0906) ).
In a significant strategic move, CPMC Holdings Limited is set to be fully acquired by Huarui Fengquan Development Limited following a successful voluntary general cash offer. Huarui, having gained over 90% of the offer shares, plans to privatize the company by compulsory acquisition, subsequently delisting it from the Stock Exchange. This acquisition is expected to consolidate Huarui’s market presence and provide a more streamlined operational structure.
More about CPMC Holdings Limited
CPMC Holdings Limited, incorporated in Hong Kong, focuses on packaging solutions within the manufacturing and consumer goods sectors. It provides a wide range of packaging products to cater to various market needs.
YTD Price Performance: 0.58%
Average Trading Volume: 1,125
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €979.3M
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