Hancock & Gore Proposes Asset Acquisition of H&G High Conviction Limited

Hancock & Gore Limited ( (AU:HNG) ) just unveiled an update.

Hancock & Gore Limited has proposed a non-binding offer to acquire all assets of H&G High Conviction Limited in exchange for shares at $0.30 each. This strategic move aims to simplify H&G’s structure, enhance its balance sheet with an additional $20 million in strategic liquid assets, and potentially yield returns exceeding 15% per annum. The proposal, while positively received by HCF, remains subject to approvals and definitive agreements, with no guarantee of completion.

More about Hancock & Gore Limited

Hancock & Gore Limited is a diversified investment company focused on delivering superior long-term returns to shareholders. It manages a portfolio of operating investments led by strong business managers and maintains a return-focused balance sheet. A key asset is its wholly-owned school wear business, Mountcastle and Schoolblazer, which holds leadership positions in the UK, Australia, and New Zealand.

YTD Price Performance: 0.0%

Average Trading Volume: 119,262

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$138.6M

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