SY Holdings Group Limited (HK:6069) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SY Holdings Group Limited has entered into an agreement to acquire all the issued shares of a target company for a closing consideration of RMB300 million, with an additional contingent consideration of up to RMB500 million based on performance targets. The deal, which will make the target company an indirect wholly-owned subsidiary of SY Holdings, is classified as a discloseable transaction under Hong Kong’s Listing Rules and may influence the company’s share dealings. The financial results of the acquired company will be consolidated into SY Holdings’ financial results upon completion.
For further insights into HK:6069 stock, check out TipRanks’ Stock Analysis page.