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Emperor International Holdings Announces HK$79.8 Million Asset Disposal

Story Highlights
  • Emperor International Holdings plans to sell its entire equity interest in a target company.
  • The transaction is valued at approximately HK$79.8 million and requires shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Emperor International Holdings Announces HK$79.8 Million Asset Disposal

Elevate Your Investing Strategy:

An update from Emperor International Holdings Limited ( (HK:0163) ) is now available.

Emperor International Holdings Limited has announced a discloseable and connected transaction involving the disposal of its entire equity interest in a target company. The transaction, valued at approximately HK$79.8 million, involves the sale of the target company’s equity and a sale loan, with the consideration based on the property’s fair market value and the target group’s tangible assets and liabilities. This strategic move is subject to shareholder approval and reflects the company’s ongoing efforts to optimize its asset portfolio.

More about Emperor International Holdings Limited

YTD Price Performance: -10.0%

Average Trading Volume: 31,225

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €140M

For an in-depth examination of 0163 stock, go to TipRanks’ Stock Analysis page.

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