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Kin Pang Holdings Acquires Crawler Crane in Discloseable Transaction

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Kin Pang Holdings Acquires Crawler Crane in Discloseable Transaction

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Kin Pang Holdings Ltd. ( (HK:1722) ) has shared an update.

Kin Pang Holdings Limited, through its indirect wholly-owned subsidiary, has entered into a purchase agreement to acquire a unit of crawler crane for approximately HK$6,120,000. This transaction is considered a discloseable transaction under the Listing Rules, requiring notification and announcement due to its percentage ratios. The acquisition will be financed through internal resources and external financing, potentially enhancing the company’s operational capabilities.

More about Kin Pang Holdings Ltd.

YTD Price Performance: -93.12%

Average Trading Volume: 647,560

Technical Sentiment Signal: Buy

Current Market Cap: HK$39.6M

Find detailed analytics on 1722 stock on TipRanks’ Stock Analysis page.

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