Kam Hing International Expands with Vietnam Acquisition

Kam Hing International Holdings Limited ( (HK:2307) ) has issued an update.

Kam Hing International Holdings Limited has announced the acquisition of a Vietnam-based company through its indirect wholly-owned subsidiary. The acquisition, valued at approximately US$4.35 million for the sale shares and an additional US$6.41 million for settling debts, is considered a major transaction under the Listing Rules. The acquisition aims to expand the company’s operations by integrating the financial results of the target company into its consolidated financial statements. The transaction has received written shareholder approval, bypassing the need for a general meeting.

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Technical Sentiment Consensus Rating: Buy

Current Market Cap: €13.34M

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