Sincere Co. Ltd. (HK:0244) has released an update.
Sincere Co. Ltd. is set for a major change in its ownership structure as Realord Group Holdings agrees to sell a 75% stake to Manureen Holdings Limited (MHL) for HK$387,782,980. This transaction will see MHL gaining control over Sincere and its subsidiaries, although it will not trigger a mandatory general offer. Investors are advised to stay cautious while dealing with Sincere’s securities.
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