Jiayuan Services Holdings Limited (HK:1153) has released an update.
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Jiayuan Services Holdings Limited has completed a significant transaction involving the sale of 73.56% of its issued share capital for HK$99,000,000, paving the way for a mandatory unconditional cash offer to acquire the remaining shares at HK$0.22 each. This move is part of a broader resumption plan, although trading remains suspended for now. An Independent Board Committee has been formed to guide shareholders on the fairness of the offer.
For further insights into HK:1153 stock, check out TipRanks’ Stock Analysis page.