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XiangXing International Holding Limited ( (HK:1732) ) has issued an announcement.
XiangXing International Holding Limited, incorporated in the Cayman Islands, is the subject of a pre-conditional voluntary cash partial offer by Westwell Holdings (Hong Kong) Limited. The offer aims to acquire 371,200,000 shares, representing 29% of the company’s issued share capital, at an offer price of HK$0.21 per share. This move, facilitated by Lego Securities Limited, is contingent upon obtaining consent from the Executive under the Takeovers Code. The offer’s success could significantly impact the company’s shareholder structure and market positioning.
The most recent analyst rating on (HK:1732) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on XiangXing International Holding Limited stock, see the HK:1732 Stock Forecast page.
More about XiangXing International Holding Limited
Average Trading Volume: 1,777,692
Technical Sentiment Signal: Buy
Current Market Cap: HK$291.8M
For detailed information about 1732 stock, go to TipRanks’ Stock Analysis page.