Shanshan Brand Management Faces Mandatory Cash Offer by Major Shareholder
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Shanshan Brand Management Co. Ltd. (HK:1749) announced a mandatory cash offer by major shareholder Mr. Luoyefei for all H shares and domestic shares not owned by him. The acceptance for the H Share Offer was 1.46%, with no valid acceptances for Domestic Shares. Post-offer, Mr. Luoyefei's group holds about 39% of total shares, potentially consolidating control over the company. The latest analyst rating for HK:1749 is a Hold with a price target of HK$1.00. Shanshan focuses on brand management in China and aims to expand its market influence.
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