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UBA Investments Ltd. ( (HK:0768) ) has provided an announcement.
UBA Investments Limited has announced a significant transaction involving the sale and purchase of shares, where Knight Sky Holdings Limited, through its Offeror, has acquired a substantial 15.10% of UBA’s total issued share capital. This acquisition increases the Offeror’s total interest to approximately 41.84% of the company’s shares, triggering a mandatory conditional cash offer for the remaining shares not already owned by the Offeror and its concert parties. The offer price is set at HK$0.03 per share, equal to the price paid in the initial transaction. This move could potentially alter the control dynamics within UBA Investments, impacting stakeholders and market positioning.
More about UBA Investments Ltd.
YTD Price Performance: -6.67%
Average Trading Volume: 107,846
Technical Sentiment Signal: Hold
Current Market Cap: HK$35.61M
Learn more about 0768 stock on TipRanks’ Stock Analysis page.