Mexan (HK:0022) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Mexan has completed the acquisition of the remaining 49% stake in a target company for HK$2.00, following a compulsory sale triggered by a termination event. This strategic move finalizes their control over the target company, marking the completion of the transaction that started with an initial 51% share acquisition. The transaction falls under discloseable transactions according to Hong Kong’s listing rules, tightening Mexan’s grip on the market.
For further insights into HK:0022 stock, check out TipRanks’ Stock Analysis page.