tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Easyknit Considers Major Disposal of Best Food Shares

Story Highlights
Easyknit Considers Major Disposal of Best Food Shares

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.

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.

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