World Nexus Moves to Take Control of Thelloy Development Group With Mandatory Cash Offer Triggered
I'm PortAI, I can summarize articles.
World Nexus Holdings Limited has agreed to acquire 62.6% of Thelloy Development Group Limited for HK$95.15 million, triggering a mandatory cash offer for remaining shares under Hong Kong’s Takeovers Code. This acquisition could lead to a change in control for Thelloy, with trading in its shares expected to resume. Thelloy, listed on the Hong Kong Stock Exchange, operates in the construction sector. The latest analyst rating for Thelloy's stock is a Hold with a price target of HK$0.37.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments