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Pokfulam Development Co. Ltd. ( (HK:0225) ) just unveiled an update.
Pokfulam Development Co. Ltd., through its wholly-owned subsidiary Metroinvest, has agreed to subscribe to the ALPS Private Credit Feeder Fund with a total subscription amount of US$5 million. This move is part of the company’s strategy to diversify its investment portfolio by acquiring shares in a fund that focuses on senior secured loans of middle-market companies in the U.S. The transaction meets the criteria for a discloseable transaction under Hong Kong’s listing rules, necessitating reporting and announcement but not shareholder approval.
More about Pokfulam Development Co. Ltd.
YTD Price Performance: -1.25%
Average Trading Volume: 20,336
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$523.4M
For detailed information about 0225 stock, go to TipRanks’ Stock Analysis page.