tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

IDT International Limited Announces Major Share Acquisition and Cash Offer

Story Highlights
IDT International Limited Announces Major Share Acquisition and Cash Offer

Claim 50% Off TipRanks Premium and Invest with Confidence

An update from IDT International Limited ( (HK:0167) ) is now available.

IDT International Limited has entered into a significant transaction involving the sale of a substantial portion of its shares. The Joint Offerors have agreed to purchase 312,432,503 shares, representing approximately 72.10% of the company’s issued share capital, for a total consideration of HK$185,616,150. Following this acquisition, a mandatory unconditional cash offer is being made by Lego Securities on behalf of the Joint Offerors to acquire all remaining issued shares at a price of HK$0.5941 per share, aligning with the purchase price of the acquired shares.

More about IDT International Limited

Average Trading Volume: 620,002

Current Market Cap: HK$827.7M

For detailed information about 0167 stock, go to 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