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Innovax Holdings Limited ( (HK:2680) ) has provided an announcement.
Innovax Holdings Limited announced the close of an unconditional mandatory cash offer made on behalf of major shareholder Mr. Wang Tingfa to acquire all issued shares not already owned by him and his concert parties. The offer, which was not revised or extended and closed on 29 April 2026, attracted valid acceptances for 39,825 shares, or about 0.07% of the company’s issued share capital.
Following completion of the offer and subject to registration of the accepted shares, Wang and his concert parties will control approximately 75.07% of Innovax’s issued share capital, consolidating his majority stake while leaving a reduced free float. The company confirmed that cash consideration for accepted shares, totaling HK$238,950 at HK$6.00 per share, will be remitted to accepting shareholders by post within seven business days of receipt of valid documentation, with the latest posting date set for 11 May 2026.
More about Innovax Holdings Limited
Innovax Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates within the financial services sector. The company is part of the capital markets ecosystem, with its shares actively traded on the Stock Exchange of Hong Kong under stock code 2680, and is subject to Hong Kong’s takeover and listing regulations.
Average Trading Volume: 76,788
Technical Sentiment Signal: Buy
Current Market Cap: HK$582M
See more insights into 2680 stock on TipRanks’ Stock Analysis page.