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An update from China Hanking Holdings Ltd. ( (HK:3788) ) is now available.
China Hanking Holdings Limited, through its wholly-owned subsidiary Hanking Gold, has announced the acquisition of an additional 6% share capital in Hanking Australia, raising its stake to 100%. The transaction, valued at AUD2,520,000, is part of a corporate restructuring in preparation for a proposed spin-off and listing. The acquisition, approved by the Foreign Investment Review Board of Australia, involves connected parties and constitutes a connected transaction under Hong Kong’s Listing Rules. This move is expected to streamline Hanking Gold’s operations and potentially enhance its market position, though the completion of the acquisition and proposed spin-off remains uncertain.
More about China Hanking Holdings Ltd.
Average Trading Volume: 5,342,864
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.37B
See more insights into 3788 stock on TipRanks’ Stock Analysis page.