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The latest update is out from Kangji Medical Holdings Limited ( (HK:9997) ).
Kangji Medical Holdings Limited has announced a pre-conditional proposal for its privatization by Knight Bidco Limited through a scheme of arrangement under the Companies Act. This proposal includes the withdrawal of its listing from the Stock Exchange, with shareholders receiving HK$9.25 per share, representing a significant premium over recent trading prices. The completion of this scheme will result in Kangji Medical becoming a wholly-owned subsidiary of Knight Bidco Limited, impacting its market presence and shareholder structure.
More about Kangji Medical Holdings Limited
Kangji Medical Holdings Limited is a company incorporated in the Cayman Islands, operating in the medical industry. The company focuses on providing medical devices and solutions, primarily catering to the healthcare sector.
Average Trading Volume: 5,107,487
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.95B
For a thorough assessment of 9997 stock, go to TipRanks’ Stock Analysis page.