Vision Deal HK Boosts Promoter Control with Share Redemption

Vision Deal HK Acquisition Corp. Class A (HK:7827) has released an update.

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Vision Deal HK Acquisition Corp. has completed a significant share redemption, resulting in the cancellation of 85,983,000 Class A Shares, amounting to HK$875.6 million. This move has increased the Promoters’ control to 63.9% of the total voting rights, prompting them to seek and receive a waiver from making a general offer for the shares. Investors are advised to remain cautious when dealing in the company’s securities.

For further insights into HK:7827 stock, check out TipRanks’ Stock Analysis page.

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