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Vesync Co., Ltd Announces Privatization Proposal and Listing Withdrawal

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Vesync Co., Ltd Announces Privatization Proposal and Listing Withdrawal

Confident Investing Starts Here:

The latest update is out from Vesync Co., Ltd. ( (HK:2148) ).

Vesync Co., Ltd and Victory III Co., Ltd have announced a proposal for the privatization of Vesync through a scheme of arrangement under the Companies Act, alongside a proposed withdrawal of its listing. The announcement includes a non-binding letter of support from Meridian Future Limited, which increases the total support from disinterested shareholders to approximately 21.76%. The proposal’s implementation is contingent upon certain conditions being met, and stakeholders are advised to exercise caution.

More about Vesync Co., Ltd.

YTD Price Performance: 3.02%

Average Trading Volume: 939,911

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$6.23B

Learn more about 2148 stock on TipRanks’ Stock Analysis page.

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