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Bright Future Technology Holdings Limited ( (HK:1351) ) has provided an announcement.
Bright Future Technology Holdings Limited, a company listed on the Hong Kong Stock Exchange, has undergone a significant change in ownership. Swift Ascent Limited has completed the purchase of approximately 53.65% of the company’s issued shares for a total cash consideration of HK$80,474,442.25. Following this acquisition, Swift Ascent Limited is required to make a mandatory unconditional cash offer to acquire the remaining shares at the same price of HK$0.25 per share. This move marks a major shift in the company’s ownership structure and could have implications for its future strategic direction.
The most recent analyst rating on (HK:1351) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Bright Future Technology Holdings Limited stock, see the HK:1351 Stock Forecast page.
More about Bright Future Technology Holdings Limited
Average Trading Volume: 421,593
Technical Sentiment Signal: Buy
Current Market Cap: HK$255M
See more data about 1351 stock on TipRanks’ Stock Analysis page.