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CPMC Holdings Limited ( (HK:0906) ) has issued an update.
Huarui Fengquan Development Limited, in conjunction with China Securities (International) Corporate Finance Company Limited, has successfully made a voluntary cash offer to acquire all issued shares of CPMC Holdings Limited, excluding those already owned or agreed to be acquired by Huarui Fengquan and its concert parties. The offer has become unconditional, with Huarui Fengquan having received valid acceptances for approximately 94.48% of the offer shares, equating to about 71.40% of CPMC’s total issued share capital. As Huarui has acquired over 90% of the shares, it plans to privatize CPMC Holdings Limited through a compulsory acquisition of the remaining shares, indicating a significant shift in the company’s ownership structure.
More about CPMC Holdings Limited
CPMC Holdings Limited is a company incorporated in Hong Kong with limited liability. It operates within the packaging industry, primarily focusing on the production of metal packaging products. The company is known for its substantial market presence and its strategic focus on providing packaging solutions.
YTD Price Performance: 2.33%
Average Trading Volume: 1,125
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €997.5M
For an in-depth examination of 0906 stock, go to TipRanks’ Stock Analysis page.
