Reko International (TSE:REKO) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The Reko Family Corporation has completely divested its majority stake in Reko International Group Inc., selling all its shares to its own subsidiary at $4.09 per share. This transaction has transferred ownership of 56.52% of Reko International’s common shares to the subsidiary, which currently has no plans to change its holding but may reconsider based on various market and business factors. The deal was conducted under a private agreement exemption, avoiding the need for a formal take-over bid.
For further insights into TSE:REKO stock, check out TipRanks’ Stock Analysis page.