Shanshan Brand Management Faces Mandatory Cash Offer by Major Shareholder
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.
The latest update is out from Shanshan Brand Management Co. Ltd. Class H ( (HK:1749) ).
Shanshan Brand Management Co., Ltd. announced a mandatory conditional cash offer by Mr. Luoyefei for all H shares and domestic shares not already owned by him or his concert parties. The acceptance level for the H Share Offer was 1.46% of the total issued H Shares, while there were no valid acceptances for the Domestic Share Offer. Prior to the offer, Mr. Luoyefei held significant shares in the company, and following the completion of the offer period, the concert group owned approximately 39% of the total issued shares. This move could potentially consolidate Mr. Luoyefei’s control over the company, impacting its strategic direction and stakeholder interests.
The most recent analyst rating on (HK:1749) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Shanshan Brand Management Co. Ltd. Class H stock, see the HK:1749 Stock Forecast page.
More about Shanshan Brand Management Co. Ltd. Class H
Shanshan Brand Management Co., Ltd. is a joint stock company established in the People’s Republic of China, operating within the brand management industry. The company focuses on managing and promoting various brands, with a market focus on expanding its reach and influence in the domestic and international markets.
Average Trading Volume: 202,018
Technical Sentiment Signal: Buy
Current Market Cap: HK$117.4M
For a thorough assessment of 1749 stock, go to TipRanks’ Stock Analysis page.
