Thelloy Appoints Joint Independent Advisers for Potential Mandatory Cash Offer

Thelloy Development Group Limited ( (HK:1546) ) has provided an update.

Thelloy Development Group Limited has appointed Cinda International Capital Limited and Rainbow Capital (HK) Limited as joint independent financial advisers to evaluate a potential mandatory unconditional cash offer for all its issued shares not already owned or to be acquired by World Nexus Holdings Limited and its concert parties. The advisers will counsel the company’s Independent Board Committee on whether the possible offer is fair and reasonable and on acceptance recommendations, with their views to be included in a forthcoming composite document; the board stressed that the offer remains conditional on completion of certain requirements and urged shareholders to await the committee’s formal recommendations before forming any view on the transaction’s merits or taking investment action.

The most recent analyst rating on (HK:1546) stock is a Sell with a HK$0.24 price target. To see the full list of analyst forecasts on Thelloy Development Group Limited stock, see the HK:1546 Stock Forecast page.

More about Thelloy Development Group Limited

Average Trading Volume: 4,685,941

Technical Sentiment Signal: Buy

Current Market Cap: HK$196.8M

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