TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Easyknit International Holdings Ltd ( (HK:1218) ) has provided an announcement.
Easyknit International Holdings Ltd, through its subsidiary Gold Winner, has acquired 3,042,000 shares of Best Food on the open market for HK$1,825,200. This acquisition increases Easyknit’s stake in Best Food to approximately 4.66%. The acquisition aligns with Easyknit’s strategy of securities investment, and the company views this as an opportunity to enhance its investment returns by capitalizing on Best Food’s potential in the Chinese food and beverage market.
The most recent analyst rating on (HK:1218) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Easyknit International Holdings Ltd stock, see the HK:1218 Stock Forecast page.
More about Easyknit International Holdings Ltd
Easyknit International Holdings Ltd is an investment holding company incorporated in Bermuda, primarily engaged in property development, property investment, securities investment, and loan financing. Its subsidiary, Gold Winner, focuses on securities investment.
Average Trading Volume: 59,404
Technical Sentiment Signal: Hold
Current Market Cap: HK$215.3M
Find detailed analytics on 1218 stock on TipRanks’ Stock Analysis page.