HKEX Market News | i-control (01402) dropped more than 17% at one point during trading due to recent acquisition of 600 million shares of the company's stock by the tender offeror. YoY performance last year switched from profit to loss.

i-control (01402) fell more than 17% at one point during trading. As of press time, it has fallen 14.29% to HKD 0.27 with a turnover of HKD 0.539 million.

Zhitong FinanceJul 17 22:27 ET

I-Control Announces Share Acquisition Offers

TipRanksJul 9 05:38 ET

I-Control Holdings Share Acquisition Completed

TipRanksJul 2 06:15 ET

i-control (01402.HK): The offeror holds approximately 71.40% of the shares and the tender offer is unconditional in all respects.

On July 2nd, Gelunhui announced that all the prerequisites under the buy-sell agreement have been reached, and the completion was carried out on July 2nd, 2024. According to the terms of the buy-sell agreement, the offeror has acquired 600 million shares (approximately 57.12% of the company’s issued share capital as of the date of this joint announcement) at a cost of HKD 138 million, that is, HKD 0.23 per share. Therefore, immediately after the completion and as of the date of this joint announcement, the tenderer and its concerted parties have a total of 750 million shares (accounting for approximately 71.40% of the company's issued share capital). According to the rules of the acquisition

Gelonghui FinanceJul 2 05:55 ET

I-control (01402): The offeror has acquired 600 million shares of the company's stock.

I-Control (01402) announced in a statement that both the offeror and the company are pleased to announce that all the pre-conditions under the purchase agreement have been fulfilled...

Zhitong FinanceJul 2 05:49 ET

I-CONTROL: Annual Report 2024

Hong Kong Stock ExchangeJul 2 04:45 ET · Announcements