Cosmos Machinery Enterprises Limited (HK:0118) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cosmos Machinery Enterprises Limited has announced the acquisition of two properties that are currently under construction, for a total consideration of RMB18,516,634, to be used as the company’s place of business. The transaction, funded by internal resources, is seen as a strategic investment that will save on long-term rental costs and improve the work environment. This acquisition is classified as a discloseable transaction according to the Listing Rules, due to its significant financial impact.
For further insights into HK:0118 stock, check out TipRanks’ Stock Analysis page.