Jakota Capital Revises Acquisition Terms for Jakota Capital AG

TipRanks Black Friday Sale Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off Kingkey Financial International (Holdings) Ltd. ( (HK:1468) ) has shared an announcement. Jakota Capital (Holding) Group has entered into a supplemental agreement to revise the terms of its acquisition of Jakota Capital AG. The company will now acquire a 51% equity interest instead of the initially planned 80%, with the consideration reduced from HK$103,000,000 to HK$50,714,000. This adjustment follows extensive negotiations and a risk assessment, allowing the company to secure a larger discount from the vendor. The revised agreement also includes changes to the number of shares issued and the removal of certain performance-related clauses, potentially impacting the company’s financial strategy and stakeholder interests. The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page. More about Kingkey Financial International (Holdings) Ltd. Jakota Capital (Holding) Group, formerly known as Kingkey Financial International (Holdings) Limited, operates in the financial sector. The company is involved in acquiring equity interests and issuing consideration shares under general mandates. Average Trading Volume: 7,221,341 Technical Sentiment Signal: Strong Sell Current Market Cap: HK$253.6M For a thorough assessment of 1468 stock, go to TipRanks’ Stock Analysis page.