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Pine Technology and MicroNova Close Acquisition Offers

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Pine Technology and MicroNova Close Acquisition Offers

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Pine Technology Holdings Limited ( (HK:1079) ) has provided an announcement.

Pine Technology Holdings Limited, in collaboration with MicroNova Limited, announced the closure of mandatory unconditional cash offers to acquire all issued shares and cancel outstanding share options. The offers resulted in MicroNova and its affiliates holding approximately 53.89% of Pine Technology’s total issued share capital, slightly increasing their stake and maintaining control over the company.

More about Pine Technology Holdings Limited

YTD Price Performance: 800%

Average Trading Volume: 20,043,040

Technical Sentiment Signal: Buy

Current Market Cap: HK$537.3M

Learn more about 1079 stock on TipRanks’ Stock Analysis page.

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