tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

DL Holdings Expands Stake in Carmel Reserve LLC

Story Highlights
DL Holdings Expands Stake in Carmel Reserve LLC

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.

DL Holdings Group Limited ( (HK:1709) ) has issued an update.

DL Holdings Group Limited has announced a connected transaction involving the further subscription of a 15.10% Class B Membership Interest in Carmel Reserve LLC, with the transaction valued at approximately US$10.32 million. This move will increase DL Holdings’ stake to approximately 32.97% in the Class B Membership Interest of the Target Company, potentially enhancing its influence and strategic positioning within the company. The transaction reflects DL Holdings’ ongoing investment strategy and could have implications for its market presence and stakeholder relationships.

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

Average Trading Volume: 82,885,213

Technical Sentiment Signal: Hold

Current Market Cap: HK$6.37B

For an in-depth examination of 1709 stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1