Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Thelloy Development Group Limited ( (HK:1546) ) just unveiled an announcement.
Thelloy Development Group has disclosed that its controlling shareholder, Cheers Mate Holding Limited, has been approached by independent third parties regarding a possible transfer of part of its 72.5% stake in the company, a move that could trigger consequences under Hong Kong’s Takeovers and Mergers Code. A non-binding memorandum of understanding signed in December 2025 with two individual investors to conduct due diligence has since been terminated by mutual consent, and while preliminary discussions with other potential buyers are ongoing, no definitive agreement has been reached and the possible share transfer may or may not proceed; the board also stated it is unaware of other reasons for recent unusual share price and volume movements beyond these takeover-related approaches.
The most recent analyst rating on (HK:1546) stock is a Hold with a HK$0.34 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
Thelloy Development Group Limited is a Hong Kong-listed company engaged in the construction and development sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong. The company is controlled by Cheers Mate Holding Limited, which holds a 72.5% stake, and has a total of 800 million shares in issue.
Average Trading Volume: 3,670,960
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$153.6M
For an in-depth examination of 1546 stock, go to TipRanks’ Overview page.