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An announcement from Vesync Co., Ltd. ( (HK:2148) ) is now available.
Vesync Co., Ltd, a company incorporated in the Cayman Islands, has announced a proposal for its privatization through a scheme of arrangement under Section 86 of the Companies Act. The proposal, which includes the withdrawal of its listing on the Hong Kong Stock Exchange, was approved by shareholders at a recent Court Meeting and Extraordinary General Meeting. This move is expected to impact the company’s market presence as it transitions from a public to a private entity, potentially affecting its stakeholders and future operations.
More about Vesync Co., Ltd.
YTD Price Performance: 3.78%
Average Trading Volume: 1,386,531
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.25B
For a thorough assessment of 2148 stock, go to TipRanks’ Stock Analysis page.