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Pangaea Connectivity Technology Limited ( (HK:1473) ) has issued an announcement.
Pangaea Connectivity Technology Limited, through its wholly owned subsidiary Pangaea Investment, has entered into a Strategic Shareholders’ Agreement with Mile Green and the Target Company. This agreement involves Pangaea Investment subscribing for 8,000 shares in the Target Company, while Mile Green subscribes for 6,000 shares, resulting in a 40% and 60% ownership respectively. The Target Company will focus on real-world assets and related businesses. The transaction is classified as a connected transaction under the Listing Rules, with Mr. Hui being appointed as a non-executive Director, making him a controller of the company.
The most recent analyst rating on (HK:1473) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Pangaea Connectivity Technology Limited stock, see the HK:1473 Stock Forecast page.
More about Pangaea Connectivity Technology Limited
Average Trading Volume: 907,803
Technical Sentiment Signal: Buy
Current Market Cap: HK$445.4M
Find detailed analytics on 1473 stock on TipRanks’ Stock Analysis page.