Shaw Brothers Updates Market on Pending CMC Moon Acquisition and Regulatory Delay

Shaw Brothers Holdings Limited ( (HK:0953) ) has provided an announcement.

Shaw Brothers Holdings Limited reported that it is still conducting due diligence on CMC Moon Holdings Limited, including compiling financial information, preparing a valuation report and obtaining an independent financial adviser’s opinion for an intended acquisition of the target’s entire issued share capital. The company is also working through required filings and approvals under PRC regulations and has secured consent from the Takeovers Executive to delay dispatch of the shareholder circular for the deal to 30 June 2026.

None of the conditions for completing the acquisition, including independent shareholder approval and a determination by the Stock Exchange on whether the deal constitutes an extreme transaction, have yet been satisfied. The board cautioned investors that the transaction, along with the planned issue of consideration shares and a whitewash waiver, may or may not proceed and pledged to provide further updates in line with Hong Kong’s Takeovers Code and Listing Rules.

The most recent analyst rating on (HK:0953) stock is a Hold with a HK$0.35 price target. To see the full list of analyst forecasts on Shaw Brothers Holdings Limited stock, see the HK:0953 Stock Forecast page.

More about Shaw Brothers Holdings Limited

Shaw Brothers Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates as an investment holding company with interests spanning media, entertainment and related businesses. The group focuses on leveraging strategic acquisitions and restructurings to expand its portfolio and enhance its position in Greater China capital markets.

Average Trading Volume: 3,779,368

Technical Sentiment Signal: Hold

Current Market Cap: HK$347.8M

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