Hong Kong Television Network (DE:XHN1) has released an update.
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Hong Kong Technology Venture Company Limited has successfully completed its conditional cash offer to buy back up to 100 million shares at HK$2.15 each, resulting in a reduction of total issued shares from 888,545,781 to 788,545,781 and increasing the Top Group Concert Group’s stake from approximately 45.75% to 51.55%. The completion of the offer, which also involved an application for a whitewash waiver, saw a significant consolidation of ownership.
For further insights into DE:XHN1 stock, check out TipRanks’ Stock Analysis page.
