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JBB Builders International Ltd. ( (HK:1903) ) has provided an announcement.
JBB Builders International Limited has announced that its board has observed an unusual increase in the price and trading volume of its shares and, after making reasonable enquiries, attributed this to ongoing discussions over a potential acquisition of the entire issued capital of another company. The parties have not yet entered into a definitive agreement and key terms, including price, remain under negotiation, with the board stressing that it is unaware of any other undisclosed information driving the share movements and warning shareholders and potential investors that the transaction may or may not proceed and that they should exercise caution when dealing in the company’s securities.
The most recent analyst rating on (HK:1903) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on JBB Builders International Ltd. stock, see the HK:1903 Stock Forecast page.
More about JBB Builders International Ltd.
JBB Builders International Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through a group structure. The company is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting a typical governance framework for a listed issuer on the Hong Kong Stock Exchange.
Average Trading Volume: 1,350,433
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$950M
For an in-depth examination of 1903 stock, go to TipRanks’ Overview page.