Perennial International (HK:0725) has released an update.
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Perennial International Limited has announced the acquisition of 100,000 shares in Alibaba, valued at approximately HK$9.15 million. This strategic investment is aimed at enhancing their portfolio by leveraging Alibaba’s strong position in the technology sector. The transaction, financed through existing financial resources, is seen as a move to capitalize on Alibaba’s positive growth potential.
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