[Brokerage Focus] CMB International cuts VESYNC (02148) Target Price by 5.7% due to the company's proposed privatization offer, which poses short-term uncertainties.

Jinwu Finance | CMB International Research Reports stated that VESYNC (02148) proposed to go private through a cash or stock offer. VESYNC (2148 HK) announced plans to privatize the company through an agreement. The offer to current shareholders is HKD 5.6 in cash per share, or the option to exchange each share of VESYNC for one share of TopCo. If all shareholders of the non-offer consortium (approximately 186.5 million shares, accounting for 16.4% of the total issued shares) choose the cash offer, the total consideration may amount to approximately HKD 0.94 billion. The offer price is HKD 5.6.

Gold Guard Financial News02:24 ET

Vesync Co., Ltd. Buy Rating: Privatization Premium and Long-term Growth Potential Drive New Target Price

TipRanksJan 1 03:35 ET · Ratings

The Recent 26% Gain Must Have Brightened CEO Lin Yang's Week, Vesync Co., Ltd's (HKG:2148) Most Bullish Insider

Simply Wall StDec 30, 2024 18:26 ET

VESYNC (02148) rose over 25% as the offeror Victory III proposed a privatization offer with a premium exceeding 30%.

Jinwu Financial News | VESYNC (02148) resumed trading with a high opening, exceeding 24%. At one point during the day, it rose over 27%, reaching a high of 5.34 Hong Kong dollars. As of the time of reporting, it is still up 25.48%, quoted at 5.27 Hong Kong dollars, with a trading volume of 47.5769 million Hong Kong dollars. In news, the company has received a proposal from the acquirer Victory III to privatize at 5.6 Hong Kong dollars per share, which is approximately 33.33% higher than the closing price of 4.2 Hong Kong dollars before trading suspension. It is anticipated that after privatization takes effect, the company's shares will be delisted from the Hong Kong Stock Exchange.

Jinwu Financial NewsDec 30, 2024 01:42 ET

VESYNC announced that it will resume trading from the morning of December 30.

VESYNC (02148) announced that the company's shares will resume trading from 9:00 AM on December 30, 2024.

Sina Hong Kong Stock.Dec 29, 2024 20:25 ET

Hong Kong stock movement | VESYNC (02148) resumed trading with a rise of over 24%, receiving a premium of about 33.33% for privatization.

VESYNC (02148) reopened trading with an increase of over 24%. As of the time of writing, it has risen 24.29% to HKD 5.22, with a transaction amount of HKD 0.9866 million.

Zhitong FinanceDec 29, 2024 20:23 ET