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Feiyu Technology Acquires Beijing Properties in Strategic Expansion

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Feiyu Technology Acquires Beijing Properties in Strategic Expansion

Confident Investing Starts Here:

Feiyu Technology International Company Ltd. ( (HK:1022) ) has shared an update.

Feiyu Technology International Company Ltd. has announced a discloseable transaction involving the acquisition of properties in Beijing, China. The transaction, valued at RMB50,300,000, involves the purchase of office units and parking spaces through its subsidiary, Beijing Jialike. This acquisition is subject to the existing tenancies and will be used for non-residential purposes. The transaction is significant as it falls under the discloseable transaction category according to Hong Kong’s Listing Rules, indicating a strategic expansion in its property assets.

More about Feiyu Technology International Company Ltd.

Average Trading Volume: 526,576

Technical Sentiment Signal: Sell

Current Market Cap: HK$384.9M

For a thorough assessment of 1022 stock, go to TipRanks’ Stock Analysis page.

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