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Quali-Smart Holdings Ltd. ( (HK:1348) ) has issued an update.
Yael Capital Management Limited has acquired approximately 60.2% of Quali-Smart Holdings Limited’s issued share capital, purchasing 887,418,000 shares from selling shareholders for HK$95.84 million at HK$0.108 per share, with completion occurring on 12 December 2025. Following the change of control, Yael Capital is required under the Hong Kong Takeovers Code to make mandatory unconditional cash offers for all remaining Quali-Smart shares it does not own and to cancel all outstanding share options, while no comparable offer will be made for the company’s convertible notes due to an existing irrevocable undertaking, marking a significant shift in ownership structure and triggering formal takeover procedures for minority shareholders.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
More about Quali-Smart Holdings Ltd.
Quali-Smart Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1348. The announcement centres on a change of control transaction involving the company’s issued share capital and related securities.
Average Trading Volume: 2,046,120
Technical Sentiment Signal: Buy
Current Market Cap: HK$291.9M
Learn more about 1348 stock on TipRanks’ Stock Analysis page.