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An announcement from China Investments Holdings Limited ( (HK:0132) ) is now available.
Hing Yip Holdings Limited, incorporated in Bermuda, has announced a supplemental disclosure regarding its acquisition of a 51% equity interest in a target company. The acquisition’s consideration was based on a valuation that significantly reappraised the value of certain investment real estate properties, reflecting their appreciated market values. This revaluation led to a higher appraisal value compared to the book net assets value. The company also noted that current property leasing transactions are below the threshold that would require additional reporting or shareholder approval.
More about China Investments Holdings Limited
YTD Price Performance: -4.17%
Average Trading Volume: 78,458
Technical Sentiment Signal: Sell
Current Market Cap: HK$590.8M
For detailed information about 0132 stock, go to TipRanks’ Stock Analysis page.