K2 F&B Holdings Limited (HK:2108) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
K2 F&B Holdings Limited has announced the sale of a property to Favor Asset Management Pte Ltd for S$1,995,000, which is subject to the regulations and market conditions stated in the Option Agreement. This transaction is considered discloseable as it falls between 5% and 25% of the applicable percentage ratios, requiring the company to adhere to specific reporting and announcement rules under the Listing Rules. The deal was concluded after arm’s length negotiations, taking into account the property’s net asset value, market price, and location.
For further insights into HK:2108 stock, check out TipRanks’ Stock Analysis page.