Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Virtual Mind Holding Company Limited ( (HK:1520) ) is now available.
Virtual Mind Holding Company Limited has announced a transaction involving the acquisition of a 10% equity interest in N-Bridge Capital Group Limited. This acquisition, valued at HK$15 million, will be completed through the issuance of 37,500,000 consideration shares. Upon completion, N-Bridge Capital Group will become an associated company of Virtual Mind Holding, impacting its financial statements through the equity method. The transaction is classified as a discloseable and connected transaction due to the involvement of Mr. Mei, the chairman and an executive director of Virtual Mind, who holds a significant interest in the target company. An Independent Board Committee has been set up to evaluate the fairness and reasonableness of the transaction terms, and an Extraordinary General Meeting (EGM) will be convened for shareholder approval.
More about Virtual Mind Holding Company Limited
Average Trading Volume: 2,615,493
Technical Sentiment Signal: Buy
Current Market Cap: HK$499.7M
Find detailed analytics on 1520 stock on TipRanks’ Stock Analysis page.