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The latest update is out from Innovax Holdings Limited ( (HK:2680) ).
Innovax Holdings Limited has announced a delay in the dispatch of both a circular and a composite document related to a possible unconditional mandatory cash offer by AFG Securities Limited on behalf of Mr. Wang Tingfa. The delay is due to the need for additional time to finalize information and obtain necessary approvals from the SFC for the Offeror to become a substantial shareholder. The company has applied for an extension to meet regulatory requirements, with the Executive indicating a willingness to grant consent for this extension. Stakeholders are advised to await further announcements for updates on the offer’s progress.
The most recent analyst rating on (HK:2680) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Innovax Holdings Limited stock, see the HK:2680 Stock Forecast page.
More about Innovax Holdings Limited
Innovax Holdings Limited is a company incorporated in the Cayman Islands, operating within the financial sector. The company is involved in activities related to securities and investments, with a focus on providing financial advisory services.
Average Trading Volume: 324,843
Technical Sentiment Signal: Buy
Current Market Cap: HK$841.2M
Learn more about 2680 stock on TipRanks’ Stock Analysis page.