HK Technology Venture Plans Share Buy-Back EGM

Hong Kong Television Network (DE:XHN1) has released an update.

Hong Kong Technology Venture Company Limited has announced an upcoming extraordinary general meeting (EGM) where shareholders will vote on a conditional cash offer for a share buy-back program and a Whitewash Waiver related to takeover codes. The EGM is scheduled to take place at the company’s premises in Tseung Kwan O Industrial Estate on July 9, 2024. Shareholders will decide on the approval of purchasing up to 100 million shares at HK$2.15 each and a waiver that would prevent mandatory general offers from arising as a result.

For further insights into DE:XHN1 stock, check out TipRanks’ Stock Analysis page.