Huasheng International Holding Limited (HK:1323) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Huasheng International Holding Limited has announced a significant acquisition, agreeing to purchase an additional 4.52% of Class A Shares in a target company for HK$45 million. This move increases their stake to 17.92%, although it won’t be consolidated into their financial statements. This acquisition is classified as a discloseable transaction under Hong Kong’s Listing Rules.
For further insights into HK:1323 stock, check out TipRanks’ Stock Analysis page.