Samsonite International Raises Annual Cap for Tainwala Transactions

Samsonite International SA (HK:1910) has released an update.

Samsonite International SA has announced an increase in its annual cap for transactions with the Tainwala Group, raising it from $16.50 million to $18.50 million for 2024. This move reflects Samsonite’s expectation of increased purchases from the Tainwala Group as part of its ongoing business operations. The transactions remain exempt from shareholder approval and disclosure requirements under Hong Kong’s Listing Rules.

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