Dacheng International Assumes Control of Skymission and Launches Mandatory Cash Offer
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Dacheng International Holdings Limited has acquired 75% of Skymission Group Holdings Limited, purchasing 1.2 billion shares for HK$114 million, triggering a mandatory cash offer at HK$0.095 per share for remaining shares. This acquisition, funded by Mr. Zou's personal savings, could reshape Skymission's ownership and provide an exit for minority shareholders. The latest analyst rating for Skymission (HK:1429) is a Hold with a price target of HK$0.18. Skymission is listed on the Hong Kong Stock Exchange under stock code 1429.
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