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Planetree International Development Limited ( (HK:0613) ) has shared an update.
Planetree International Development Limited has entered into a share swap agreement with Oshidori, where Planetree will acquire approximately 12.30% of Oshidori’s issued share capital, and Oshidori will acquire approximately 19.69% of Planetree’s issued share capital. This transaction, valued at HK$375,563,592.51 for each party, will result in Planetree holding 15.54% of Oshidori’s enlarged share capital and Oshidori holding 17.56% of Planetree’s enlarged share capital. The agreement is considered a discloseable transaction under the Listing Rules, and its completion is contingent upon certain conditions being met, which may impact the companies’ market positions and shareholder interests.
The most recent analyst rating on (HK:0613) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Planetree International Development Limited stock, see the HK:0613 Stock Forecast page.
More about Planetree International Development Limited
YTD Price Performance: 709.13%
Average Trading Volume: 855,690
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.87B
See more data about 0613 stock on TipRanks’ Stock Analysis page.