ITC Properties Group Limited (HK:0199) has released an update.
Elevate Your Investing Strategy:
- 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.
ITC Properties Group Limited has announced a major transaction involving the sale of a 10% stake in several partnerships, including Development LP and Investment LP, as well as a 10% shareholding in Assets Builder. This move, effective from October 31, 2024, allows ITC to retain an 18% interest in these ventures while securing over HK$30 million in considerations, reflecting a strategic adjustment in its investment portfolio.
For further insights into HK:0199 stock, check out TipRanks’ Stock Analysis page.