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The latest update is out from Easyknit International Holdings Ltd ( (HK:1218) ).
Easyknit International Holdings Ltd, through its subsidiaries Mark Profit and Constance Capital, is considering the disposal of its shares in Best Food Holdings. This transaction, classified as a major transaction under the Hong Kong Stock Exchange Listing Rules, requires shareholder approval due to the significant percentage ratios involved. The company holds approximately 4.46% of Best Food’s issued share capital and plans to sell these shares at a minimum price of HK$0.80 per share, which is a discount from the recent trading price. The disposal will proceed only if certain conditions, including shareholder approval and market conditions, are met.
More about Easyknit International Holdings Ltd
Average Trading Volume: 11,885
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$125.8M
See more data about 1218 stock on TipRanks’ Stock Analysis page.