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Rykadan Capital Ltd. ( (HK:2288) ) just unveiled an update.
Rykadan Capital Limited has agreed to dispose of its entire 20% equity interest and associated shareholder’s loan in an associate property company (PropCo) to a purchaser ultimately owned 50/50 by its chairman and CEO, Mr. Chan, and his spouse, Mrs. Chan. The consideration will equal the outstanding shareholder’s loan plus 20% of PropCo’s net asset value at completion, which, based on illustrative figures as of 30 September 2025, would be about HK$15.07 million, and the deal will leave PropCo wholly owned by the purchaser, ending Rykadan’s exposure to the asset. As the purchaser is a connected person under Hong Kong listing rules, the transaction is classified as both a discloseable and connected transaction, requiring an extraordinary general meeting, independent board committee recommendation, and independent financial adviser’s opinion before approval by independent shareholders, highlighting governance scrutiny and potential implications for related-party dealings and capital allocation within the group.
The most recent analyst rating on (HK:2288) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Rykadan Capital Ltd. stock, see the HK:2288 Stock Forecast page.
More about Rykadan Capital Ltd.
Rykadan Capital Limited is a Hong Kong-listed investment holding company that participates in property-related and capital investment projects through subsidiaries and associates, with a focus on real estate and related assets in the region.
Average Trading Volume: 170,112
Technical Sentiment Signal: Hold
Current Market Cap: HK$61.95M
For a thorough assessment of 2288 stock, go to TipRanks’ Stock Analysis page.