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China New Economy Fund Ltd. ( (HK:0080) ) has issued an announcement.
China New Economy Fund Limited, an investment company, has undergone a significant change in its ownership structure. Longling Capital Ltd has acquired a majority shareholding in the company, now holding approximately 50.71% of the shares. This acquisition triggers a mandatory unconditional cash offer for all remaining shares and outstanding share options not already owned by Longling Capital Ltd. This move could potentially influence the company’s future strategic direction and market positioning.
More about China New Economy Fund Ltd.
Average Trading Volume: 2,305,675
Technical Sentiment Signal: Sell
Current Market Cap: HK$117.5M
For an in-depth examination of 0080 stock, go to TipRanks’ Overview page.