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MTT Group Holdings Limited ( (HK:2350) ) has issued an update.
MTT Group Holdings Limited has cancelled its previously announced acquisition of Hong Kong Hui Lang Technology Limited, deciding after further consideration not to proceed with the deal. The company entered into a termination agreement with the vendor on 27 January 2026, fully releasing both sides from all obligations and liabilities under the original share purchase agreement, which will no longer be performed, and confirming that no consideration had been paid. MTT Group stated that the decision is not expected to have any material adverse impact on its financial position or operations, suggesting the shelved transaction was non-core or not critical to its near-term business strategy, and signalling to investors that existing operations should remain unaffected.
The most recent analyst rating on (HK:2350) stock is a Hold with a HK$0.87 price target. To see the full list of analyst forecasts on MTT Group Holdings Limited stock, see the HK:2350 Stock Forecast page.
More about MTT Group Holdings Limited
MTT Group Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands with limited liability and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 2350. The board comprises executive, non-executive and independent non-executive directors, reflecting a standard listed-company governance structure, though the specific industry and core business lines are not disclosed in this announcement.
Average Trading Volume: 2,716,583
Technical Sentiment Signal: Buy
Current Market Cap: HK$675M
Learn more about 2350 stock on TipRanks’ Stock Analysis page.