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NWS Holdings ( (HK:0659) ) has provided an announcement.
NWS Holdings announced the completion of Stage 1 of its acquisition of equity interests in uSmart Inlet Group Ltd and Genius Professional Enterprises Limited. The completion involved amendments to the Share Purchase Agreements (SPA) for both companies, with adjustments to payment terms and removal of share charges. The company now holds a 13.05% shareholding interest in the target companies, with financial results accounted for by the equity method. The amendments ensure no advance payments are required, simplifying the transaction process and potentially enhancing financial stability.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.
More about NWS Holdings
Average Trading Volume: 1,777,353
Technical Sentiment Signal: Buy
Current Market Cap: HK$35.15B
For a thorough assessment of 0659 stock, go to TipRanks’ Stock Analysis page.