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An announcement from Innovax Holdings Limited ( (HK:2680) ) is now available.
Innovax Holdings Limited has announced a conditional sale and purchase agreement involving the issued share capital of Billion Shine International Investment Limited. The agreement includes a possible unconditional mandatory cash offer by AFG Securities Limited on behalf of Mr. Wang Tingfa to acquire all issued shares of Innovax Holdings Limited not already owned by him or parties acting in concert with him. This transaction, valued at HK$270,000,000, will result in Mr. Wang Tingfa and his associates owning 75% of Innovax Holdings’ share capital upon completion. The move is expected to significantly impact the company’s ownership structure and may influence its market positioning.
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
Average Trading Volume: 45,710
Technical Sentiment Signal: Buy
Current Market Cap: HK$339.6M
Learn more about 2680 stock on TipRanks’ Stock Analysis page.