TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Alltronics Holdings ( (HK:0833) ) is now available.
Alltronics Holdings Limited, a company listed on the Hong Kong Stock Exchange, has entered into an agreement to acquire 51% of the issued share capital of a target company for HK$43,434,000. This acquisition will make the target company an indirect non-wholly owned subsidiary of Alltronics, allowing its financial results, assets, and liabilities to be consolidated into Alltronics’ financial statements. The transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring notification and announcement but not shareholder approval.
More about Alltronics Holdings
Average Trading Volume: 1,518,250
Technical Sentiment Signal: Buy
Current Market Cap: HK$288.6M
For detailed information about 0833 stock, go to TipRanks’ Stock Analysis page.