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Shanshan Brand Management Secures Additional Irrevocable Undertaking Amid Cash Offer

Story Highlights
  • Shanshan Brand Management Co., Ltd. announced an additional irrevocable undertaking related to a cash offer.
  • Ningbo Heng Tong Trading Co. Limited committed not to accept the offers or sell its shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shanshan Brand Management Secures Additional Irrevocable Undertaking Amid Cash Offer

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An update from Shanshan Brand Management Co. Ltd. Class H ( (HK:1749) ) is now available.

Shanshan Brand Management Co., Ltd. announced an additional irrevocable undertaking related to a mandatory conditional cash offer by Mr. Luoyefei for all the H shares and domestic shares not already owned by him or parties acting in concert with him. Ningbo Heng Tong Trading Co. Limited, a domestic shareholder holding 2% of the total issued shares, has committed not to accept the offers and not to sell or transfer its shares during the offer period. This move could impact the company’s shareholder structure and market dynamics, potentially influencing investor decisions and the company’s strategic direction.

The most recent analyst rating on (HK:1749) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Shanshan Brand Management Co. Ltd. Class H stock, see the HK:1749 Stock Forecast page.

More about Shanshan Brand Management Co. Ltd. Class H

Shanshan Brand Management Co., Ltd. is a joint stock company established in the People’s Republic of China, operating within the brand management industry. The company focuses on managing and developing brands, particularly in the domestic market, and is listed on the Hong Kong Stock Exchange under the stock code 1749.

Average Trading Volume: 145,358

Technical Sentiment Signal: Buy

Current Market Cap: HK$124.1M

For detailed information about 1749 stock, go to TipRanks’ Stock Analysis page.

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