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Cheerwin Completes Hebei Kangda Acquisition
Cheerwin Group Limited has completed a major acquisition, acquiring 100% equity interest in a target company, which is now a wholly owned subsidiary. This move will allow Cheerwin to consolidate the target's financial results, potentially expanding its business scale and reinforcing its market position. The latest analyst rating for Cheerwin's stock (HK:6601) is a Hold with a price target of HK$2.50. Cheerwin operates in consumer-related businesses in mainland China and has a current market cap of HK$3.23B.
Cheerwin Group Limited has received a waiver from the Hong Kong Stock Exchange to delay the dispatch of a shareholder circular regarding a major acquisition. The new deadline is set for 13 February 2026, extended from 22 January 2026, to allow more time for preparation. This waiver highlights the importance of timely disclosure for investors. Currently, the stock has a Hold rating with a price target of HK$2.50 and a market cap of HK$3.23B.
Cheerwin Group Ltd. has announced a delay in sending out a circular regarding its acquisition of a target company. Initially expected by January 22, 2026, the circular will now be sent on or before February 13, 2026, due to the need for additional time to prepare the necessary information. This update was disclosed as part of the transaction process.
The Brazilian Economic Protection Administrative Council has unconditionally approved L'Oréal's acquisition of Kering Group's beauty business. The transaction includes the sale of the Creed brand and the beauty and fragrance licensing of Kering's fashion houses, with a total agreement value of €4 billion, expected to be completed in the first half of 2026