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Best Food Holding Co. Ltd. Sells Partial Equity Stake in Target Company

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Best Food Holding Co. Ltd. Sells Partial Equity Stake in Target Company

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Best Food Holding Co. Ltd. ( (HK:1488) ) just unveiled an update.

Best Food Holding Co. Ltd. has announced the disposal of a 1.71% equity interest in a target company for RMB48,000,000. This transaction reduces their holding from 17.16% to 15.46%, but the target company remains an associate. The disposal is classified as a discloseable transaction under Hong Kong’s Listing Rules, necessitating reporting and announcement requirements.

More about Best Food Holding Co. Ltd.

Best Food Holding Co. Ltd. is a company incorporated in the Cayman Islands, operating in the food industry. The company is involved in holding equity interests in various food-related businesses.

Average Trading Volume: 1,643,909

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.47B

For detailed information about 1488 stock, go to TipRanks’ Stock Analysis page.

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