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International Entertainment Corporation Engages in Major Construction Contract

Story Highlights
  • International Entertainment Corporation’s subsidiary signed a major construction contract.
  • The contract is a discloseable transaction under Hong Kong Stock Exchange rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
International Entertainment Corporation Engages in Major Construction Contract

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The latest announcement is out from International Entertainment Corporation ( (HK:1009) ).

International Entertainment Corporation announced that its subsidiary, NCLI, has entered into a Phase 2 Construction Contract with a contractor for construction works at a hotel and casino, valued at approximately PHP1,053.14 million. This contract, part of a series of transactions, is classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcement but exempt from shareholder approval.

More about International Entertainment Corporation

International Entertainment Corporation is a company incorporated in the Cayman Islands, operating in the entertainment industry. It focuses on providing entertainment services, including hotel and casino operations.

Average Trading Volume: 892,793

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1.57B

For detailed information about 1009 stock, go to TipRanks’ Stock Analysis page.

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