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Man Shun Group (Holdings) Ltd. ( (HK:1746) ) has shared an announcement.
Man Shun Group (Holdings) Limited has announced that its majority shareholder, holding 75% of the company’s issued shares, has entered into a Memorandum of Understanding (MOU) with a potential purchaser concerning a possible transaction that could result in a change of control of the company. The MOU outlines that a formal agreement is subject to due diligence and further negotiations, with an exclusivity period in place until June 30, 2025. The announcement may significantly impact the company’s operations and market positioning, as it involves a mandatory general offer under the Takeovers Code for all remaining shares.
More about Man Shun Group (Holdings) Ltd.
YTD Price Performance: 58.42%
Average Trading Volume: 4,859,448
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$300M
For a thorough assessment of 1746 stock, go to TipRanks’ Stock Analysis page.