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Tian Ge Interactive Holdings ( (HK:1980) ) has shared an update.
Tian Ge Interactive Holdings Limited has announced a mandatory unconditional cash offer by Astrum Capital Management Limited on behalf of Truesense Trading Limited to acquire all issued shares not already owned by Truesense, Ms. Hong Yan, Mr. Fu Zhengjun, and Blueberry Worldwide Holdings Limited. This acquisition follows Truesense’s recent purchase of 20 million shares, increasing its stake to approximately 31.63% of the company’s total issued share capital. The offer is priced at HK$0.68 per share and is in compliance with the Takeovers Code, potentially impacting the company’s shareholder structure and market positioning.
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 company incorporated in the Cayman Islands, primarily involved in the interactive social media and entertainment industry. The company is listed on the Hong Kong Stock Exchange and operates with a focus on providing online social entertainment services.
Average Trading Volume: 2,490,167
Technical Sentiment Signal: Buy
Current Market Cap: HK$737.2M
For an in-depth examination of 1980 stock, go to TipRanks’ Overview page.