Matrix Holdings Limited (HK:1005) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Matrix Holdings Limited has provided additional details to shareholders about an audit qualification regarding a horse lending arrangement for its Vietnamese real estate development, which includes a horse-racing center. The Company is in the process of land acquisition and necessary approvals, with completion expected by 2025. It is also preparing a horse-racing platform, utilizing racehorses loaned from a connected person’s company to its subsidiary, to establish a competitive edge in the burgeoning Vietnamese market.
For further insights into HK:1005 stock, check out TipRanks’ Stock Analysis page.