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King Fook Holdings Limited ( (HK:0280) ) has provided an update.
King Fook Holdings Limited has entered into a Master Sale and Purchase Agreement with Myer Jewelry Manufacturer Limited to acquire diamond jewelry worth up to HK$20 million annually until September 2026. This transaction, deemed a continuing connected transaction, is structured on a cost plus margin basis and is exempt from shareholder approval. The agreement is expected to streamline the company’s inventory management and ensure product quality, with internal controls and regular reviews by the company’s board and external auditors to maintain transparency and fairness.
The most recent analyst rating on (HK:0280) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on King Fook Holdings Limited stock, see the HK:0280 Stock Forecast page.
More about King Fook Holdings Limited
King Fook Holdings Limited operates in the jewelry industry, primarily focusing on the sale of diamond jewelry. The company is involved in the retail and wholesale of luxury jewelry products, catering to a market that values high-quality and exclusive designs.
Average Trading Volume: 779,498
Technical Sentiment Signal: Buy
Current Market Cap: HK$454.7M
Learn more about 0280 stock on TipRanks’ Stock Analysis page.