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The latest update is out from QuantumPharm, Inc. ( (HK:2228) ).
XtalPi Holdings Limited, a company incorporated in the Cayman Islands, has announced a significant acquisition involving a 90% equity interest in a target company for RMB250 million, to be fully settled in cash. This transaction is considered a discloseable transaction under the Listing Rules, as it exceeds the 5% threshold but is below 25%, thus requiring reporting and announcement. The acquisition will result in the target company becoming an indirect non-wholly owned subsidiary of XtalPi, potentially enhancing its market position and operational capabilities.
More about QuantumPharm, Inc.
Average Trading Volume: 104,201,349
Technical Sentiment Signal: Strong Sell
For a thorough assessment of 2228 stock, go to TipRanks’ Stock Analysis page.