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The latest update is out from Vesync Co., Ltd. ( (HK:2148) ).
Vesync Co., Ltd, alongside Victory III Co., Ltd, announced a proposal for the privatization of Vesync through a scheme of arrangement, which includes the withdrawal of its listing and a special deal related to an investor arrangement. The antitrust condition necessary for the proposal under the United States Hart-Scott-Rodino Antitrust Improvements Act has been fulfilled, as the waiting period expired without further review requests from the FTC or DOJ. The proposal’s implementation remains subject to additional conditions, and shareholders are advised to exercise caution.
More about Vesync Co., Ltd.
YTD Price Performance: -1.13%
Average Trading Volume: 881,900
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$5.96B
Learn more about 2148 stock on TipRanks’ Stock Analysis page.