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The latest update is out from Tian Ge Interactive Holdings ( (HK:1980) ).
Sina Hong Kong Limited has announced a pre-conditional voluntary partial cash offer to acquire 32,500,000 shares of Tian Ge Interactive Holdings Limited at HK$0.70 per share, representing about 2.93% of Tian Ge’s issued share capital not already owned by Sina Hong Kong and its concert parties. The offer, to be made through Yu Ming Investment Management Limited as financial adviser, would increase Sina Hong Kong’s stake from its current 27.04% holding, but its launch is contingent on regulatory consent under the Hong Kong Takeovers Code and a ruling that Sina Hong Kong and the Fu Concert Parties are not acting in concert, which could affect the deal’s structure and the future control dynamics and governance of Tian Ge for existing shareholders.
The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.
More about Tian Ge Interactive Holdings
Tian Ge Interactive Holdings Limited is a Hong Kong-listed company (stock code: 1980) operating in the internet and technology sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong. The company has an issued share capital of 1,109,390,162 shares and currently has no outstanding options, derivatives, warrants or other relevant securities convertible into its shares.
Average Trading Volume: 4,424,139
Technical Sentiment Signal: Buy
Current Market Cap: HK$769.8M
See more insights into 1980 stock on TipRanks’ Stock Analysis page.