Qidian International Co., Ltd. (HK:1280) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Qidian International Co., Ltd. has conditionally agreed to a major transaction involving the purchase of the entire issued share capital of an unnamed target company for HK$340,000,000, to be paid through the issuance of new shares. The deal, which exceeds the 25% threshold of the Listing Rules, requires shareholder approval at an upcoming Extraordinary General Meeting (EGM). Additionally, the transaction is considered connected as it involves executive Directors and their relatives, triggering the need for independent shareholder voting under the Takeovers Code.
For further insights into HK:1280 stock, check out TipRanks’ Stock Analysis page.