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Orange Sky Golden Harvest Entertainment (Holdings) Limited ( (HK:1132) ) has provided an update.
Orange Sky Golden Harvest Entertainment (Holdings) Limited has announced a very substantial disposal involving the sale and leaseback of a property in Singapore, which currently houses one of its cinemas. The transaction, valued at S$48,000,000, is subject to shareholder approval and other conditions. This strategic move allows the company to unlock capital while continuing its operations at the location, potentially impacting its financial flexibility and market positioning.
More about Orange Sky Golden Harvest Entertainment (Holdings) Limited
Orange Sky Golden Harvest Entertainment (Holdings) Limited operates in the entertainment industry, focusing primarily on cinema operations. The company is known for its multiplex cinemas and is a significant player in the Asian market, particularly in Hong Kong and Singapore.
Average Trading Volume: 752,564
Technical Sentiment Signal: Sell
Current Market Cap: HK$106.4M
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