Matrix Holdings Limited (HK:1005) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 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.
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.