Xiabuxiabu Delays Circular Dispatch for Proposed Acquisition

The latest update is out from Xiabuxiabu Catering Management (China) Holdings Co., Ltd. ( (HK:0520) ).

Xiabuxiabu Catering Management (China) Holdings Co., Ltd. announced a delay in the dispatch of a circular related to its proposed acquisition of a 40% equity interest in Xiabuxiabu (China) Food Holdings Co. Ltd. The circular, which includes details of the agreement and recommendations from the Independent Board Committee, was initially expected by 16 May 2025 but is now postponed to on or before 27 June 2025 due to the need for additional time to finalize certain information. This delay may impact the company’s timeline for completing the acquisition and could affect shareholder decision-making processes.

The most recent analyst rating on (HK:0520) stock is a Hold with a HK$0.96 price target. To see the full list of analyst forecasts on Xiabuxiabu Catering Management (China) Holdings Co., Ltd. stock, see the HK:0520 Stock Forecast page.

More about Xiabuxiabu Catering Management (China) Holdings Co., Ltd.

Xiabuxiabu Catering Management (China) Holdings Co., Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the catering industry. It focuses on providing dining services, particularly through its hotpot restaurant chain in China.

Average Trading Volume: 4,652,946

Technical Sentiment Signal: Sell

Current Market Cap: HK$746.6M

For an in-depth examination of 0520 stock, go to TipRanks’ Stock Analysis page.