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IClick Analyst Terminates Coverage – iClick Interactive Asia (NASDAQ:ICLK)

ByAnusuya Lahiri

Dec 30, 2022
IClick Analyst Terminates Coverage - iClick Interactive Asia (NASDAQ:ICLK)

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  • Benchmark analyst Fawne Jiang terminated coverage of IClick Interactive Asia Group Limited ICLK due to a reallocation of resources for the coverage group. 

  • Investors should no longer rely on the previous rating, target price, or estimates.

  • On December 20, IClick received a preliminary non-binding proposal from IClick Chair, CEO, and co-founder Jian Tang owned Igomax Inc, director and co-founder Wing Hong Sammy Hsieh owned Bubinga Holdings Limited, and Huang Jianjun owned Rise Chain Investment Limited.

  • The purchase offer was $4.0672 per ADS in cash or $0.81344 per share.

  • The Consortium beneficially owns ordinary shares representing 63% of the aggregate voting power of IClick.

  • On December 28, IClick’s board of directors approved a share repurchase of up to $5 million from January 1, 2023 – December 31, 2023.

  • Price Action: ICLK shares traded lower by 3.46% at $3.95 on the last check Friday.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Image and article originally from www.benzinga.com. Read the original article here.

Anusuya Lahiri

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