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The latest update is out from Beisen Holding Ltd. ( (HK:9669) ).
Beisen Holding Ltd. has announced a significant acquisition involving the purchase of the entire equity interest in a target company, which operates under the brand ‘Cool College.’ This acquisition will be financed internally and aims to maintain the target company’s business operations post-acquisition. Due to regulatory restrictions, a reorganization will occur to ensure compliance, allowing Beisen to gain effective control and economic benefits through new contractual arrangements. Concurrently, Beisen is engaging in a share transaction that involves issuing consideration shares under a general mandate, which will be subject to a lock-up period. This strategic move is poised to enhance Beisen’s market positioning and operational capabilities.
More about Beisen Holding Ltd.
YTD Price Performance: 5.58%
Average Trading Volume: 243,863
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$3.21B
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