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Hong Kong Ferry Holdings Co. Ltd. ( (HK:0050) ) has provided an update.
Hong Kong Ferry Holdings Co. Ltd. announced the acquisition of a commercial property in Tsuen Wan for HK$260 million. This transaction aligns with the company’s strategy to expand its property investment business, leveraging the property’s prime location and existing tenancies to enhance its income base through rental and license income.
More about Hong Kong Ferry Holdings Co. Ltd.
Hong Kong Ferry Holdings Co. Ltd. operates in the transportation and property investment sectors. The company is primarily involved in ferry services and property development, focusing on expanding its property investment portfolio.
Average Trading Volume: 128,249
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.76B
For an in-depth examination of 0050 stock, go to TipRanks’ Overview page.