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Jinke Smart Services Completes Auction Shares Transfer and Announces Mandatory Cash Offer

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Jinke Smart Services Completes Auction Shares Transfer and Announces Mandatory Cash Offer

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An announcement from Jinke Smart Services Group Co., Ltd. Class H ( (HK:9666) ) is now available.

Jinke Smart Services Group Co., Ltd. and Broad Gongga Investment Pte. Ltd. have completed the Auction Shares Transfer, resulting in the Offeror and its Concert Parties holding approximately 55.91% of the company’s total issued share capital. Following this, a mandatory unconditional cash offer will be made for all remaining shares not owned by the Offeror, in compliance with the Takeovers Code. This move is expected to consolidate the Offeror’s position within the company, potentially impacting market dynamics and shareholder interests.

The most recent analyst rating on (HK:9666) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on Jinke Smart Services Group Co., Ltd. Class H stock, see the HK:9666 Stock Forecast page.

More about Jinke Smart Services Group Co., Ltd. Class H

Jinke Smart Services Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on providing smart services. The company operates within the smart services industry, offering innovative solutions and services to enhance efficiency and effectiveness in various sectors.

Average Trading Volume: 1,266,104

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.92B

For detailed information about 9666 stock, go to TipRanks’ Stock Analysis page.

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