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Million Cities Holdings Ltd. ( (HK:2892) ) has shared an update.
Million Cities Holdings Limited has announced a major and connected transaction involving the acquisition of Fortune Radiant City Limited and the disposal of Fortune Brilliant City Limited. On July 18, 2025, MC Development, a subsidiary of the company, entered into agreements with Ms. Teresa Wong to acquire a 25.3% stake in Fortune Radiant City Limited for HK$151,038,000, and to subscribe to additional shares, increasing its interest to 37.7%. This transaction will result in the company recognizing Fortune Radiant City Limited as an associate in its financial statements, impacting its financial reporting and market positioning.
More about Million Cities Holdings Ltd.
Average Trading Volume: 19,111
Technical Sentiment Signal: Hold
Current Market Cap: HK$273.8M
For a thorough assessment of 2892 stock, go to TipRanks’ Stock Analysis page.