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An announcement from Rykadan Capital Ltd. ( (HK:2288) ) is now available.
Rykadan Capital Ltd. has announced a major transaction involving the acquisition of a property for HK$47,594,399. This acquisition, conducted through its indirect wholly-owned subsidiary, Golden Wealth (HK) Investment Limited, is considered a major transaction under the Listing Rules due to the applicable percentage ratios exceeding 25%. The company has secured joint written approval from major shareholders, negating the need for an extraordinary general meeting. This move is expected to strengthen Rykadan Capital’s asset base and market position in the real estate sector.
More about Rykadan Capital Ltd.
Rykadan Capital Ltd. is a company incorporated in the Cayman Islands, focusing on capital investments and property acquisitions. It operates within the financial and real estate sectors, engaging in transactions that enhance its asset portfolio.
Average Trading Volume: 246,935
Technical Sentiment Signal: Sell
Current Market Cap: HK$60.45M
See more insights into 2288 stock on TipRanks’ Stock Analysis page.