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Kiu Hung International Holdings Limited ( (HK:0381) ) has shared an update.
Kiu Hung International Holdings Limited, through its wholly-owned subsidiary, has entered into an agreement to acquire 72.5% equity interests in a target company for HK$59 million. This acquisition will be financed through the issuance of convertible bonds. The transaction is classified as a discloseable transaction under the Listing Rules, requiring shareholder approval. The acquisition aims to enhance the company’s strategic positioning, although its completion is contingent upon certain conditions.
The most recent analyst rating on (HK:0381) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kiu Hung International Holdings Limited stock, see the HK:0381 Stock Forecast page.
More about Kiu Hung International Holdings Limited
Average Trading Volume: 2,601,167
Technical Sentiment Signal: Sell
Current Market Cap: HK$251M
For an in-depth examination of 0381 stock, go to TipRanks’ Overview page.