Continental Holdings Limited (HK:0513) has released an update.
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Continental Holdings Limited has completed a connected transaction involving the acquisition of a 24.81% shareholding in C.J. (UK) Limited for GBP576,313. The company used a market approach, particularly EBITDA, to determine the acquisition’s consideration, reflecting the subsidiary’s revenue-generating potential. This strategic move highlights Continental’s focus on bolstering its position in the jewelry trading sector.
For further insights into HK:0513 stock, check out TipRanks’ Stock Analysis page.