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An announcement from Reliance Global Holdings Limited ( (HK:0723) ) is now available.
Reliance Global Holdings Limited announced a discloseable transaction involving the transfer and assignment of loan receivables valued at HK$16,000,000 to MacroVision Investment Holdings Limited. This transaction, which involves a loan originally advanced in 2018, marks a strategic move to manage the company’s financial assets and obligations, potentially impacting its financial statements and market positioning.
More about Reliance Global Holdings Limited
Reliance Global Holdings Limited is an investment holding company engaged in forest-related business, including timber supply chain and sustainable forest management, as well as a money lending business. The company operates through its wholly-owned subsidiary, Reliance Credit Limited, which is licensed to conduct money lending operations in Hong Kong.
Average Trading Volume: 2,892,196
Technical Sentiment Signal: Buy
Current Market Cap: HK$481.3M
Learn more about 0723 stock on TipRanks’ Stock Analysis page.