Kato (Hong Kong) Holdings Ltd. (HK:2189) has released an update.
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Kato (Hong Kong) Holdings Ltd. has announced a significant acquisition involving the purchase of the entire issued share capital of a company that operates an elderly residential care home in Tsuen Wan, Hong Kong, for HK$2,000,000. This acquisition will see the Target Company become a wholly-owned subsidiary of Kato, with its financial results integrated into Kato’s group financial statements. The deal, categorized as a discloseable transaction, underscores Kato’s strategic expansion in the elderly care sector.
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