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Sina Seeks to Rebut ‘Acting in Concert’ Presumption in Tian Ge Takeover Context

Story Highlights
  • Sina has asked regulators to overturn its presumed concert-party status with Tian Ge’s offeror group.
  • Tian Ge confirms the mandatory cash offer has closed unchanged, while Sina’s application awaits a ruling.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sina Seeks to Rebut ‘Acting in Concert’ Presumption in Tian Ge Takeover Context

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Tian Ge Interactive Holdings ( (HK:1980) ) has issued an update.

Tian Ge Interactive Holdings Limited has jointly announced with Truesense Trading Limited that Sina, a substantial shareholder holding about 27.04% of Tian Ge’s issued share capital, has applied to Hong Kong’s Takeovers Executive to rebut the regulatory presumption that it is acting in concert with the offeror group controlling more than 20% of the company’s voting rights. The companies stressed that the terms and outcome of the recently closed mandatory unconditional cash offer for Tian Ge’s shares remain unaffected, with the offer having closed on 8 January 2026 without revision or extension, and indicated that any determination on Sina’s application is still pending, leaving potential implications for future governance and shareholder dynamics subject to regulatory review.

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 Cayman Islands–incorporated company listed in Hong Kong, operating in the interactive social and online entertainment sector. Its business centers on internet-based platforms and services, with a shareholder base that includes major strategic investors such as Sina, reflecting its positioning within China’s broader digital and social media ecosystem.

Average Trading Volume: 4,143,957

Technical Sentiment Signal: Buy

Current Market Cap: HK$737.2M

For an in-depth examination of 1980 stock, go to TipRanks’ Overview page.

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