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Birmingham Sports Holdings Limited ( (HK:2309) ) just unveiled an announcement.
Birmingham Sports Holdings Limited has entered into an agreement to sell its 51.72% stake in BCL, a non-wholly-owned subsidiary, to SCL for approximately GBP5.0 million. This transaction is classified as a major and connected transaction under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcement but exempt from circular and shareholder approval due to prior written consent from a majority shareholder group. The disposal is deemed to be on normal commercial terms and in the best interest of the company and its shareholders, as confirmed by independent directors.
The most recent analyst rating on (HK:2309) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Birmingham Sports Holdings Limited stock, see the HK:2309 Stock Forecast page.
More about Birmingham Sports Holdings Limited
Average Trading Volume: 3,685,619
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.81B
For an in-depth examination of 2309 stock, go to TipRanks’ Overview page.