tiprankstipranks
Trending News
More News >

King’s Flair International Sells CCB Shares for HK$29.66 Million

Story Highlights
King’s Flair International Sells CCB Shares for HK$29.66 Million

Confident Investing Starts Here:

The latest update is out from King’s Flair International (Holdings) Limited ( (HK:6822) ).

King’s Flair International (Holdings) Limited announced the disposal of 4,114,080 shares of China Construction Bank (CCB) on the open market, generating approximately HK$29,663,000. This transaction, classified as a disclosable transaction under the Listing Rules, allows the company to realize its investment in CCB, resulting in a gain of approximately HK$3,045,000. The disposal reflects the company’s strategic decision to capitalize on its investment, potentially impacting its financial position and providing liquidity for future opportunities.

More about King’s Flair International (Holdings) Limited

King’s Flair International (Holdings) Limited is an investment holding company incorporated in the Cayman Islands. Its principal subsidiaries are involved in the trading, retail, wholesale, and distribution of kitchenware and household products, as well as the trading of raw materials.

Average Trading Volume: 198,242

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$280M

See more insights into 6822 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App