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An update from Raffles Interior Ltd. ( (HK:1376) ) is now available.
Raffles Interior Ltd. has received a complaint letter alleging a conspiracy to defraud the company and its minority shareholders, involving a land acquisition deal. The complaint suggests that the land’s value is significantly lower than the agreed contract price, raising concerns about potential financial misconduct by the company’s chairman. The board has decided not to proceed with the acquisition and is taking steps to ensure the agreement’s termination, advising shareholders to exercise caution.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
More about Raffles Interior Ltd.
Average Trading Volume: 7,148,070
Technical Sentiment Signal: Sell
Current Market Cap: HK$133M
For a thorough assessment of 1376 stock, go to TipRanks’ Stock Analysis page.