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Virtual Mind Holding Company Limited ( (HK:1520) ) has issued an update.
Virtual Mind Holding Company Limited has announced that its planned acquisition of a 10% equity interest in N-Bridge Capital Group Limited, to be settled via the issue of consideration shares under a specific mandate, has lapsed after the conditions precedent were not fulfilled by the agreed long stop date of 13 January 2026 and the parties did not agree any further extension. The company’s board stated that the termination of the agreement will not have any material adverse impact on the group’s business, operations or financial position, but advised shareholders and potential investors to exercise caution when dealing in its securities following the lapse of this disclosable and connected transaction.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.93 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
More about Virtual Mind Holding Company Limited
Virtual Mind Holding Company Limited is a Hong Kong-listed company incorporated in the Cayman Islands with limited liability and traded under stock code 1520. The board comprises executive, non-executive and independent non-executive directors, reflecting a typical governance structure for a listed investment and services-focused group, though this announcement does not specify its particular industry or core business lines.
Average Trading Volume: 2,843,986
Technical Sentiment Signal: Hold
Current Market Cap: HK$942.3M
See more insights into 1520 stock on TipRanks’ Stock Analysis page.