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Miramar Hotel Delays Circular Dispatch for Major Transaction

Story Highlights
  • Miramar Hotel & Investment Co. is involved in the hotel and investment industry in Hong Kong.
  • The company announced a delay in dispatching a circular for a major transaction, now expected by March 15, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Miramar Hotel Delays Circular Dispatch for Major Transaction

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Miramar Hotel & Investment Co ( (HK:0071) ) has shared an announcement.

Miramar Hotel & Investment Co., Limited announced a delay in the dispatch of a circular related to a major and connected transaction involving the acquisition of interests in Solution Right Limited. The circular, initially scheduled for release by February 28, 2025, will now be postponed to March 15, 2025, to allow more time for the preparation and finalization of necessary information. This delay may impact the company’s timeline for completing the transaction and could affect stakeholders’ expectations.

More about Miramar Hotel & Investment Co

Miramar Hotel & Investment Co., Limited is a Hong Kong-based company primarily engaged in the hotel and investment industry. The company focuses on hospitality services and investment opportunities, catering to a diverse market in Hong Kong and potentially beyond.

YTD Price Performance: -28.85%

Average Trading Volume: 10,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $781.8M

Learn more about 0071 stock on TipRanks’ Stock Analysis page.

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