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Energy International Investments Holdings Ltd ( (HK:0353) ) just unveiled an update.
Energy International Investments Holdings Ltd announced a major acquisition involving the purchase of a target company that indirectly holds 29.83% of the common equity interest in Shundong Port. This acquisition will increase the company’s control to 85% of Shundong Port’s equity interest. The transaction is classified as a major and connected transaction under Hong Kong’s Listing Rules, requiring notification and publication but exempt from certain shareholder approval requirements. The acquisition is expected to strengthen the company’s operational control and market position in the energy sector.
More about Energy International Investments Holdings Ltd
Energy International Investments Holdings Ltd is a company incorporated in the Cayman Islands, primarily engaged in the energy sector. The company focuses on investments and holdings, with a significant interest in Shundong Port, a non-wholly owned subsidiary.
YTD Price Performance: -23.96%
Average Trading Volume: 1,407,761
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$464.6M
For a thorough assessment of 0353 stock, go to TipRanks’ Stock Analysis page.