Eagle Nice (International) Holdings Ltd. (HK:2368) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Eagle Nice (International) Holdings Ltd. has announced the conditional acquisition of Wisdom Innovation Holdings Limited, with the deal involving an initial sum of US$28.7 million, partially settled by issuing shares. This strategic move will lead to the integration of a sportswear manufacturing entity in Vietnam into Eagle Nice’s portfolio, potentially expanding its production capabilities and market presence. The transaction is subject to conditions and will result in the inclusion of the target’s financials into Eagle Nice’s consolidated statements.
For further insights into HK:2368 stock, check out TipRanks’ Stock Analysis page.