Kato (Hong Kong) Holdings Ltd. (HK:2189) has released an update.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:2189 stock, check out TipRanks’ Stock Analysis page.