Kin Pang Holdings Ltd. (HK:1722) has released an update.
Kin Pang Holdings Ltd. has announced a significant acquisition of a new MC 96 foundation crawler for approximately EUR 1.62 million, an investment aimed at bolstering their equipment assets. This transaction is classified as a discloseable event according to the Listing Rules, meaning it falls within a threshold that requires public disclosure due to its potential impact on the company’s financial position. Payment for this acquisition will be fulfilled in cash, following arm’s length negotiations with the Vendor, reflecting the market rate for similar equipment.
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