Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from DL Holdings Group Limited ( (HK:1709) ) is now available.
DL Holdings Group Limited and EEKA Fashion Holdings Limited have entered into a Strategic Cooperation and Investment Agreement, where DL Holdings will subscribe to new EEKA shares, representing approximately 0.65% of EEKA’s enlarged share capital, for HK$29.9 million. The net proceeds will be used for EEKA’s general working capital. The agreement also includes a plan to tokenize a portion of EEKA’s distributable profit, linked to 10% of the audited revenue from its brand NEXY.CO, to be distributed to shareholders.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
More about DL Holdings Group Limited
DL Holdings Group Limited is a company incorporated in the Cayman Islands, focusing on strategic investments and partnerships. EEKA Fashion Holdings Limited, also incorporated in the Cayman Islands, operates in the fashion industry with a focus on brand development and distribution.
Average Trading Volume: 79,895,226
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.83B
Find detailed analytics on 1709 stock on TipRanks’ Stock Analysis page.