OCI International Holdings (HK:0329) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
OCI International Holdings Limited, a company listed on the Stock Exchange of Hong Kong, has voluntarily announced a non-legally binding memorandum of understanding to potentially acquire a 60% stake in Starlight Asset Management Limited from Prize Perfection Limited. The prospective acquisition aims to enhance OCI’s asset management portfolio, as Starlight Asset Management is a licensed firm with over HK$2 billion in managed funds, serving corporate clients and high-net-worth individuals. During the three-month exclusivity period, the terms of this potential acquisition will be negotiated, with due diligence to be conducted before a formal equity acquisition agreement is finalized.
For further insights into HK:0329 stock, check out TipRanks’ Stock Analysis page.