National Electronics Holdings (HK:0213) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 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.
National Electronics Holdings has announced the sale of Sonic Run Investments Limited, a wholly-owned subsidiary, for £4 million. This transaction, which involves the disposal of the entire issued share capital of the target company, exceeds the 5% threshold set by the Hong Kong Stock Exchange Listing Rules, making it a discloseable transaction. Upon completion, Sonic Run Investments will no longer be part of National Electronics’ consolidated financial statements.
For further insights into HK:0213 stock, check out TipRanks’ Stock Analysis page.