tiprankstipranks
Lion Rock Group Enhances Treasury with Strategic Acquisition
Company Announcements

Lion Rock Group Enhances Treasury with Strategic Acquisition

Lion Rock Group (HK:1127) has released an update.

Don't Miss our Black Friday Offers:

Lion Rock Group Limited has announced the acquisition of a Credit Link Note issued by Citigroup Global Markets Holdings Inc. for US$10 million, aimed at improving returns on idle funds through low-risk, short-term investment matching the Group’s funding needs. The Directors have deemed the transaction fair and reasonable, beneficial for the company and its shareholders, and compliant with the Listing Rules as a disclosable transaction.

For further insights into HK:1127 stock, check out TipRanks’ Stock Analysis page.

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