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HK Asia Holdings Limited ( (HK:1723) ) has shared an announcement.
HK Asia Holdings Limited, through its wholly-owned subsidiary, has entered into a Limited Liability Company Agreement to subscribe for an interest in a fund managed by Sora Valkyrie, a substantial shareholder of the company. The subscription amount is US$1.2 million, and the transaction is classified as both a discloseable and connected transaction under Hong Kong Listing Rules. This strategic investment aims to generate long-term capital appreciation and maximize total returns, although the company’s ability to invest more is currently limited by pending approval for new share issuance.
More about HK Asia Holdings Limited
Average Trading Volume: 1,421,652
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.55B
Find detailed analytics on 1723 stock on TipRanks’ Stock Analysis page.