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An update from Cortina Holdings Limited ( (SG:C41) ) is now available.
Cortina Holdings Limited has announced its strategic expansion in the Australian market through an agreement to take over retail operations from an existing luxury retailer in Victoria. This move, involving a transaction valued at AUD24.50 million, is part of the company’s plan to deepen its footprint in Australia, with the acquisition to be funded by internal resources and bank borrowings. The transaction is considered a non-disclosable transaction under the Listing Manual, requiring no shareholder approval.
More about Cortina Holdings Limited
Cortina Holdings Limited is a company specializing in the retail and distribution of luxury and high-quality timepieces and accessories. The company operates across several regions including Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Macau, Taiwan, and Australia, with a focus on expanding its presence in the Australian market.
Average Trading Volume: 1,572
Technical Sentiment Signal: Buy
Current Market Cap: S$579.5M
See more data about C41 stock on TipRanks’ Stock Analysis page.