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The latest announcement is out from Alco Holdings ( (HK:0328) ).
Alco Holdings, through its subsidiary WINDOM LIMITED, has entered into a major transaction involving the sale of a property located in Sha Tin, Hong Kong, for HK$90,000,000. This disposal is classified as a major transaction under the Hong Kong Stock Exchange Listing Rules, requiring shareholder approval. The transaction is expected to impact the company’s financial standing and market position, with a special general meeting (SGM) scheduled for shareholder approval. The property, acquired in 2017, includes office premises and parking spaces, and the sale is structured with a deposit and balance payment upon completion.
The most recent analyst rating on (HK:0328) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.
More about Alco Holdings
Alco Holdings is a company incorporated in Bermuda with limited liability. It operates in the property sector, focusing on the acquisition and disposal of real estate assets.
Average Trading Volume: 699,012
Technical Sentiment Signal: Sell
Current Market Cap: HK$156.4M
For a thorough assessment of 0328 stock, go to TipRanks’ Stock Analysis page.