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The latest announcement is out from MOG Holdings Limited ( (HK:1942) ).
MOG Digitech Holdings Limited announced the disposal of its equity interest in certain target companies through its subsidiary, Metro Eyewear, for a cash consideration of RM22,000,000. This transaction, classified as a discloseable transaction under the Listing Rules, will result in the target companies no longer being subsidiaries of MOG Digitech, potentially impacting the company’s operational focus and market positioning.
More about MOG Holdings Limited
MOG Digitech Holdings Limited operates in the eyewear industry, primarily through its subsidiary Metro Eyewear. The company is involved in the sale and distribution of eyewear products and services.
Average Trading Volume: 15,602,218
Technical Sentiment Signal: Sell
Current Market Cap: HK$699.9M
See more insights into 1942 stock on TipRanks’ Stock Analysis page.