Beijing Capital Grand Limited (HK:1329) has released an update.
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Beijing Capital Grand Limited is set to be privatized by BECL Investment Holding Limited through a scheme of arrangement, offering shareholders HK$0.85 per share, a significant premium over recent trading prices. This move involves delisting the company from the Hong Kong Stock Exchange, with all shares becoming wholly owned by Capital Group. The proposal highlights an attractive 46.55% premium over the last trading day’s closing price, enticing investors in the financial markets.
For further insights into HK:1329 stock, check out TipRanks’ Stock Analysis page.