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Thelloy Development Group Limited ( (HK:1546) ) has provided an announcement.
World Nexus Holdings Limited has entered into a conditional sale and purchase agreement to acquire 500,800,000 shares of Thelloy Development Group Limited, representing 62.6% of the company’s issued share capital, at a total consideration of HK$95.15 million, or HK$0.19 per share. Subject to completion of this controlling stake acquisition by 12 February 2026 or a later agreed date, World Nexus will be required under Hong Kong’s Takeovers Code to launch a mandatory unconditional cash offer for all remaining issued shares not already owned or agreed to be acquired by it and its concert parties, signalling a potential change of control and ownership structure for Thelloy and the resumption of trading in its shares.
The most recent analyst rating on (HK:1546) stock is a Hold with a HK$0.37 price target. To see the full list of analyst forecasts on Thelloy Development Group Limited stock, see the HK:1546 Stock Forecast page.
More about Thelloy Development Group Limited
Thelloy Development Group Limited is a Cayman Islands-incorporated company listed on the Stock Exchange of Hong Kong, operating within the construction and development sector, though this announcement focuses on its shareholding and control structure rather than its specific operational activities or markets.
Average Trading Volume: 3,999,785
Technical Sentiment Signal: Buy
Current Market Cap: HK$308M
For a thorough assessment of 1546 stock, go to TipRanks’ Stock Analysis page.