Dah Sing Banking Group (HK:2356) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Dah Sing Banking Group’s subsidiary, DSB, has agreed to acquire the entire issued share capital of Fortune Land Corporation Limited for approximately HK$184 million. This strategic acquisition will see Fortune Land, which is focused on property investment, become an indirect wholly-owned subsidiary of Dah Sing, allowing its financial results to be consolidated with the group. The deal reflects Dah Sing’s ongoing expansion efforts in the property sector, utilizing its internal resources to fund the transaction.
For further insights into HK:2356 stock, check out TipRanks’ Stock Analysis page.