Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kwan On Holdings Ltd. ( (HK:1559) ) has issued an announcement.
Kwan On Holdings Limited announced a major transaction involving the disposal of a wholly-owned subsidiary and the provision of financial assistance. This transaction will result in the subsidiary no longer being consolidated into the company’s financial results. The company will continue to provide a guarantee for a bank facility, and the transaction requires shareholder approval under the Hong Kong Stock Exchange Listing Rules. The company has already obtained the necessary written approval from a major shareholder, Sino Coronet, which holds a majority of the company’s shares.
More about Kwan On Holdings Ltd.
Kwan On Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the construction and engineering industry. It focuses on providing construction services and related financial assistance.
YTD Price Performance: 66.67%
Average Trading Volume: 178,285
Technical Sentiment Signal: Sell
Current Market Cap: HK$280.4M
For an in-depth examination of 1559 stock, go to TipRanks’ Stock Analysis page.