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The latest update is out from Build King Holdings ( (HK:0240) ).
Build King Holdings Limited, a construction company involved in infrastructure projects, announced a transaction involving its subsidiary Wise Start. The company is partially exercising a Loan Redemption Right regarding HK$400 million worth of sale loans, leading to balancing transactions with Shine Precious, a subsidiary of RKI. This move will reduce Wise Start’s stake in the Project Company to 10%, altering its financial accounting status. The transactions, considered discloseable and connected under the listing rules, require announcement and reporting compliance, indicating Build King’s strategic financial management and regulatory adherence.
More about Build King Holdings
YTD Price Performance: -3.30%
Average Trading Volume: 142,887
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.09B
See more data about 0240 stock on TipRanks’ Stock Analysis page.