tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Link-Asia International Medtech Group Ltd. Announces Strategic Acquisition

Story Highlights
  • Link-Asia International Medtech Group Ltd. is acquiring a target company for HK$20,800,000.
  • The acquisition is a discloseable and connected transaction under Hong Kong Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Link-Asia International Medtech Group Ltd. Announces Strategic Acquisition

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Link-Asia International Medtech Group Ltd. ( (HK:1143) ) is now available.

Link-Asia International Medtech Group Ltd., a company incorporated in the Cayman Islands, has announced a significant acquisition. The company has entered into a Sale and Purchase Agreement to acquire the entire equity interest in a target company for HK$20,800,000, subject to adjustments. This acquisition, which will make the target company an indirect wholly-owned subsidiary, is classified as a discloseable and connected transaction under the Hong Kong Listing Rules. The transaction has been approved by the Board and deemed fair and reasonable by the independent non-executive Directors, thus exempting it from certain regulatory requirements.

The most recent analyst rating on (HK:1143) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Link-Asia International Medtech Group Ltd. stock, see the HK:1143 Stock Forecast page.

More about Link-Asia International Medtech Group Ltd.

Average Trading Volume: 1,737,993

Technical Sentiment Signal: Sell

Current Market Cap: HK$95.32M

For detailed information about 1143 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1