Tian Ge Adviser Reaffirms Support for Sina’s Partial Offer

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

Tian Ge Interactive Holdings announced that its independent financial adviser has reaffirmed its view that the partial voluntary cash offer by Sina Hong Kong Limited to acquire 32.5 million shares is fair and reasonable for independent shareholders. The adviser confirmed that recent clarification on the company’s revenue recognition changes does not alter its recommendation that shareholders accept the offer.

The independent board committee has endorsed the unchanged advice, maintaining its recommendation that independent shareholders should accept the partial offer. Shareholders are urged to carefully review the offer and response documents, as well as the latest announcement, before making a decision on whether to tender their shares into the transaction.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.77 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 incorporated in the Cayman Islands and traded under stock code 1980. It operates in the interactive entertainment and social networking sector, with its shares held by a mix of executive, non-executive and independent non-executive directors, and is currently the target of a partial cash offer by Sina Hong Kong Limited.

Average Trading Volume: 1,268,415

Technical Sentiment Signal: Buy

Current Market Cap: HK$834.8M

For detailed information about 1980 stock, go to TipRanks’ Stock Analysis page.