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Easyknit International Holdings Ltd ( (HK:1218) ) has shared an update.
Easyknit International Holdings Ltd, through its indirect wholly-owned subsidiary Mark Profit, has disposed of 2,590,000 shares of Best Food, a company engaged in the operation of chain restaurants and food and beverage businesses in China. This transaction, which represents approximately 0.16% of Best Food’s total issued shares, generated gross sales proceeds of approximately HK$2,512,300. The disposal is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, as it exceeds 5% but is less than 25% of the applicable percentage ratios. Following this transaction, Easyknit International Holdings Ltd’s stake in Best Food has decreased from 4.63% to 4.46%.
More about Easyknit International Holdings Ltd
Average Trading Volume: 13,061
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$122.1M
For a thorough assessment of 1218 stock, go to TipRanks’ Stock Analysis page.