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The latest update is out from PT International Development Corporation Limited ( (HK:0372) ).
PT International Development Corporation Limited has announced a voluntary conditional cash offer by Marching Great Limited to acquire all issued shares not already owned by Marching Great Limited. This announcement is accompanied by litigation filed by Mr. Zhu Bin, alleging that the company’s financial statements contain inconsistencies related to impairment losses, potentially affecting the offer price and shareholder value. The litigation claims that the board disclosed misleading information, which could benefit Mr. Ching, the sole owner of the offeror, by acquiring shares at an undervalued price.
More about PT International Development Corporation Limited
PT International Development Corporation Limited is incorporated in Bermuda and operates as part of a group with subsidiaries. The company appears to be involved in investment activities, with a focus on property, plant, and equipment assets, as indicated by the litigation details.
Average Trading Volume: 316,890
Technical Sentiment Signal: Sell
Current Market Cap: HK$72.66M
For an in-depth examination of 0372 stock, go to TipRanks’ Stock Analysis page.