Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from NWS Holdings ( (HK:0659) ).
NWS Holdings, through its indirect wholly-owned subsidiary, has entered into agreements to acquire equity interests in USMART INLET GROUP LTD and GENIUS PROFESSIONAL ENTERPRISES LIMITED. The total consideration for these acquisitions is approximately US$131.8 million, funded by the company’s internal resources. These transactions are classified as connected transactions under Hong Kong’s Listing Rules, which require notification and announcement but are exempt from circular and shareholders’ approval requirements. The acquisitions are subject to certain conditions, and their completion is not guaranteed.
More about NWS Holdings
YTD Price Performance: -0.91%
Average Trading Volume: 120
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.13B
For an in-depth examination of 0659 stock, go to TipRanks’ Stock Analysis page.