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Eminence Enterprise Limited ( (HK:0616) ) has provided an update.
Eminence Enterprise Limited has announced its intention to seek shareholder approval for the potential disposal of its holdings in Best Food Shares, which could qualify as a major transaction under Hong Kong’s Listing Rules. The company plans to sell its 16,126,000 shares, representing 1.02% of Best Food’s issued share capital, at a minimum price of HK$0.80 per share, a 17.5% discount to the last trading price. This move is aimed at optimizing its investment portfolio and requires shareholder approval, with no current contractual arrangements in place.
More about Eminence Enterprise Limited
Eminence Enterprise Limited is a company incorporated in Bermuda, focusing on investments and asset management. It operates through its wholly-owned subsidiary, Gainever, and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 4,339,651
Technical Sentiment Signal: Sell
Current Market Cap: HK$70M
For a thorough assessment of 0616 stock, go to TipRanks’ Stock Analysis page.