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An announcement from DL Holdings Group Limited ( (HK:1709) ) is now available.
DL Holdings Group Limited, a company incorporated in the Cayman Islands, has announced a significant transaction involving the acquisition of BTC mining machines. The company has agreed to acquire these machines for a total consideration of approximately US$21.85 million, which will be satisfied through the issuance of convertible bonds, warrants, and earn-out shares. Additionally, DL Holdings has entered into letters of intent for further acquisitions of BM machines, totaling over US$19 million. These transactions are considered discloseable under the Listing Rules, requiring reporting and announcement but not shareholder approval.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
More about DL Holdings Group Limited
Average Trading Volume: 88,070,886
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.42B
For detailed information about 1709 stock, go to TipRanks’ Stock Analysis page.