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Tian Ge Interactive Holdings ( (HK:1980) ) has provided an update.
Tian Ge Interactive Holdings has disclosed its current capital structure in response to a pre-conditional voluntary cash partial offer by Sina Hong Kong Limited to acquire 32.5 million shares not already owned by the offeror and its concert parties. The company reported that it has 1,109,390,162 shares in issue, including shares reserved for unvested and future share awards under its 2024 Share Scheme, and confirmed it has no other outstanding convertible or exchangeable securities. The announcement also reminds associates of both Tian Ge and the offeror, as well as market intermediaries such as stockbrokers and banks, of their obligations under the Hong Kong Takeovers Code to disclose dealings in relevant securities during the offer period, and cautions shareholders and potential investors that the partial offer remains subject to pre-conditions and may or may not proceed.
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 on the Hong Kong Stock Exchange (Stock Code: 1980). The group operates in the interactive entertainment and social networking sector, with its business structured under a share scheme that includes both vested and unvested share awards for employees, reflecting an incentive-driven capital structure focused on equity participation.
Average Trading Volume: 4,516,285
Technical Sentiment Signal: Buy
Current Market Cap: HK$769.8M
For an in-depth examination of 1980 stock, go to TipRanks’ Overview page.