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B & D Strategic Holdings Limited ( (HK:1780) ) has shared an announcement.
Rongzun International Holdings Group Limited has appointed Rainbow Capital (HK) Limited as the independent financial adviser to its Independent Board Committee in connection with a takeover offer made by shareholder Mr. Yang Jingyao. Rainbow Capital is licensed in Hong Kong to deal in securities and advise on corporate finance, and will opine on whether the offer is fair and reasonable and on the appropriate course of action for shareholders.
The adviser’s recommendations and detailed analysis will be set out in a composite document to be jointly issued by the company and the offeror to all shareholders. Until that document is published and the adviser’s views are available, the company is urging shareholders and potential investors to exercise caution when dealing in its shares and to seek professional advice if they are uncertain about their position.
More about B & D Strategic Holdings Limited
Rongzun International Holdings Group Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 1780. Its board comprises one executive director, two non-executive directors, and three independent non-executive directors, reflecting a standard governance structure for a Hong Kong-listed issuer.
Average Trading Volume: 9,796,401
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.23B
For an in-depth examination of 1780 stock, go to TipRanks’ Overview page.