Persistence Resources Group Completes Key Share Acquisition

Persistence Resources Group Ltd ( (HK:2489) ) has provided an update.

Persistence Resources Group Ltd has successfully completed the acquisition of shares in the Target Company, fulfilling all conditions precedent to the Share Purchase. The completion includes the Zhaojin and Yihui Equity Transfers, with PRGRHK2 Ltd securing the Zhaojin Equity Transfer at a final price of RMB18,900,000. The ongoing Capital Increase process will be updated in future announcements, marking a significant step in the company’s expansion efforts.

More about Persistence Resources Group Ltd

Persistence Resources Group Ltd operates in the resources sector, focusing on acquisitions and management of resource-based assets. The company is incorporated in the Cayman Islands and is listed on the Stock Exchange of Hong Kong.

YTD Price Performance: -1.16%

Average Trading Volume: 489,354

Technical Sentiment Consensus Rating: Strong Sell

Find detailed analytics on 2489 stock on TipRanks’ Stock Analysis page.