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The latest announcement is out from HKC International Holdings Limited ( (HK:0248) ).
HKC International Holdings Limited has agreed to dispose of a Hong Kong property held through its indirect wholly owned subsidiary Generalvestor (HK) Ltd for HK$13.2 million to an independent third-party purchaser, with payment structured through deposits and a completion balance due by 27 March 2026. The transaction qualifies as a major transaction under Hong Kong listing rules, requiring shareholder approval, which has been secured through written consent from controlling shareholder Mr. Chan, allowing the company to forgo a general meeting and proceed with the disposal under terms the board deems fair, reasonable and in the interests of shareholders, potentially strengthening its financial flexibility and asset portfolio management.
The most recent analyst rating on (HK:0248) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on HKC International Holdings Limited stock, see the HK:0248 Stock Forecast page.
More about HKC International Holdings Limited
HKC International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 248. The group operates through various subsidiaries and holds property assets in Hong Kong, which it actively manages and may dispose of as part of its capital and asset allocation strategy.
Average Trading Volume: 1,912,033
Technical Sentiment Signal: Sell
Current Market Cap: HK$44.83M
For a thorough assessment of 0248 stock, go to TipRanks’ Stock Analysis page.