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Man Sang International Completes Major Disposal and Extends Promissory Note Maturity

Story Highlights
  • Man Sang International completed a major disposal, removing a subsidiary from its financials.
  • The company extended promissory note maturity to 2027 and waived accrued interest.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Man Sang International Completes Major Disposal and Extends Promissory Note Maturity

Elevate Your Investing Strategy:

Man Sang International ( (HK:0938) ) just unveiled an announcement.

Man Sang International Limited announced the completion of a significant transaction involving the disposal of its entire issued share capital of a target company. This transaction means that the target company will no longer be a subsidiary, and its financials will not be included in Man Sang’s consolidated statements. Additionally, the company has extended the maturity date of its promissory notes from December 2025 to December 2027, with accrued interest waived, indicating a strategic financial restructuring.

More about Man Sang International

Average Trading Volume: 462

Technical Sentiment Signal: Strong Buy

Current Market Cap: $35.88M

For an in-depth examination of 0938 stock, go to TipRanks’ Stock Analysis page.

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