Continental Holdings Limited (HK:0513) has released an update.
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Continental Holdings Limited has announced the acquisition of a 24.81% stake in its non-wholly owned subsidiary, making it a fully owned subsidiary. This acquisition, valued at approximately GBP576,313, strengthens Continental’s position in the jewelry wholesaling market in the UK. The transaction complies with Hong Kong’s Listing Rules, requiring only an announcement without further shareholder approval.
For further insights into HK:0513 stock, check out TipRanks’ Stock Analysis page.