Pak Tak International Limited (HK:2668) has released an update.
Elevate Your Investing Strategy:
- 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.
Pak Tak International Limited has completed a major acquisition, securing full ownership of a target company through the issuance of 950 million new shares. This transaction, valued at RMB 289.86 million, resulted in the vendor becoming a substantial shareholder with a 16.87% stake in the company. As a result, Pak Tak’s share capital has expanded significantly, integrating the acquired company’s financials into its own.
For further insights into HK:2668 stock, check out TipRanks’ Stock Analysis page.