TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Vongroup Limited ( (HK:0318) ) has shared an update.
Vongroup Limited, through its wholly-owned subsidiary VG Investment Assets Holdings Inc, has announced the acquisition of a 6.5% equity interest in Claman Global Limited, increasing its stake to approximately 61.3%. This transaction, valued at HK$8,280,000, will be settled by issuing 17,431,578 Consideration Shares under the General Mandate. The acquisition is deemed a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, reflecting the company’s strategic move to strengthen its position in the public-facing events industry, leveraging Claman Global’s technology products and services. The acquisition is expected to enhance Vongroup’s market offerings and operational efficiencies through synergistic benefits.
The most recent analyst rating on (HK:0318) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Vongroup Limited stock, see the HK:0318 Stock Forecast page.
More about Vongroup Limited
Average Trading Volume: 90,823
Technical Sentiment Signal: Buy
Current Market Cap: HK$149M
For a thorough assessment of 0318 stock, go to TipRanks’ Stock Analysis page.