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The latest announcement is out from Kasen International Holdings Ltd. ( (HK:0496) ).
Kasen International Holdings Ltd. announced a property transfer agreement where its subsidiary, Haining Hengsen, will sell a parcel of land, including buildings and equipment, to Huafeng for RMB56,069,142. The transaction is classified as a discloseable transaction under Hong Kong’s listing rules, requiring notification and announcement. This disposal is part of the company’s strategic realignment, potentially impacting its operational focus and resource allocation.
More about Kasen International Holdings Ltd.
Kasen International Holdings Ltd. is involved in the manufacturing and trading of upholstered furniture, property development, special economic zones, and travel-related operations.
Average Trading Volume: 354,676
Technical Sentiment Signal: Sell
Current Market Cap: HK$569.3M
See more data about 0496 stock on TipRanks’ Stock Analysis page.