Baiwang (HKG:6657) secured more time to exercise an option to acquire equity in Baiwangyun Overseas, according to a Hong Kong bourse filing Wednesday.
Shares of the enterprise digitalization service provider fell over 1% in morning trade Thursday.
The company had the option to convert the previously lent 35 million yuan to Baiwangyun Overseas into shares of the target until Dec. 3.
That option was extended to Dec. 31, Baiwang said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.