Tianneng Power International (HK:0819) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tianneng Power International is set to acquire a 28.57% equity interest in its subsidiary, Zhejiang Tianneng New Materials Co., Ltd., following significant shifts in the macro environment and industry conditions that impacted their original listing plans. This acquisition will be executed through the exercise of put options granted to investors, with Party C1 expected to repurchase the shares at the original subscription price plus interest, minus any dividends received. Upon completion, Party A will be owned 65% by Party C1.
For further insights into HK:0819 stock, check out TipRanks’ Stock Analysis page.