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Twintek Investment Holdings Ltd. ( (HK:6182) ) has shared an update.
Twintek Investment Holdings has announced steps to restore its public float after a mandatory takeover offer by Mars Nest Limited left the company in breach of the Hong Kong Stock Exchange’s minimum public float requirements. Mars Nest has entered into a placing agreement with Kingston Securities to place 111,316,000 existing shares on a best-effort basis to independent investors, with completion targeted on or before 28 February 2026; if fully placed, Mars Nest’s stake will fall from 77.66% to 63.75% and the public float will rise from 11.09% to 25%, enabling the company to comply with listing rules and paving the way for the possible resumption of trading in its shares.
The most recent analyst rating on (HK:6182) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Twintek Investment Holdings Ltd. stock, see the HK:6182 Stock Forecast page.
More about Twintek Investment Holdings Ltd.
Twintek Investment Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Hong Kong Stock Exchange. The company’s shareholder base has recently become highly concentrated following a mandatory unconditional cash offer by Mars Nest Limited, which is controlled by Mr. Liu Chuang, resulting in a public float below the minimum threshold required under Hong Kong listing rules.
Average Trading Volume: 2,247,090
Technical Sentiment Signal: Buy
Current Market Cap: HK$592M
For an in-depth examination of 6182 stock, go to TipRanks’ Overview page.