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Jinke Smart Services Group Co., Ltd. Class H ( (HK:9666) ) has shared an announcement.
Broad Gongga Investment Pte. Ltd., through a revised mandatory cash offer for Jinke Smart Services Group Co., Ltd., has secured acceptances from independent shareholders for 218.59 million disinterested shares, or about 36.61% of the company’s issued share capital, with additional irrevocable undertakings covering 14.87 million shares that have yet to be tendered. Assuming those undertakings are honored, the offeror would control approximately 88.68% of all disinterested shares and 92.52% of the company’s total issued shares, leaving only a small additional acceptance requirement for the delisting condition to be met and signaling a likely shift toward privatization and reduced free float for remaining investors.
The most recent analyst rating on (HK:9666) stock is a Hold with a HK$8.50 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 and listed in Hong Kong, operating in the property and smart community services sector. The company focuses on providing integrated smart property management solutions to residential and commercial clients, positioning itself within the broader Chinese real estate services and urban operations market.
Average Trading Volume: 438,402
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.79B
See more insights into 9666 stock on TipRanks’ Stock Analysis page.