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.
Kasen International Holdings Ltd. ( (HK:0496) ) just unveiled an update.
Kasen International Holdings Ltd. has announced a lease agreement through its subsidiary Zhejiang Baosen, for a land parcel in Cambodia to construct and operate a factory for furniture manufacturing. This strategic move, involving a 99-year lease with potential renewal, will allow the company to expand its production capacity and strengthen its market position in the region. The transaction is categorized as a connected transaction under Hong Kong’s listing rules, requiring reporting and announcement, but not independent shareholders’ approval.
More about Kasen International Holdings Ltd.
Kasen International Holdings Ltd. is a company involved in the manufacturing industry, focusing on the production of furniture. The company’s operations extend to international markets, which include establishing factory complexes to enhance its manufacturing capabilities.
YTD Price Performance: 10.29%
Average Trading Volume: 493,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$541.2M
See more data about 0496 stock on TipRanks’ Stock Analysis page.