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The latest announcement is out from Alpha Professional Holdings Ltd. ( (HK:0948) ).
Alpha Professional Holdings Limited, incorporated in Bermuda, has announced a major transaction involving the disposal of a 70% economic benefit in a target company. This transaction, valued at HK$27,500,000, involves the sale of the economic benefit and rights of a shareholder’s loan by its wholly-owned subsidiary, WFOE, to an independent third party. Upon completion, the target company will no longer be a subsidiary, and its financial results will not be consolidated into Alpha Professional Holdings’ financial statements. The transaction is classified as a major transaction under the Hong Kong Stock Exchange’s listing rules, requiring reporting and shareholder approval, which has been obtained from Well Dynasty Investments Limited, the majority shareholder.
More about Alpha Professional Holdings Ltd.
Average Trading Volume: 73,002
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$70.21M
For detailed information about 0948 stock, go to TipRanks’ Stock Analysis page.