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An announcement from Sang Hing Holdings (International) Ltd. ( (HK:1472) ) is now available.
Sang Hing Holdings (International) Ltd. has announced discloseable transactions involving the acquisition and finance lease agreements for Epiroc and Sumitomo machinery. These transactions, valued at HK$6,450,000 and HK$6,200,000 respectively, involve finance lease agreements with Orix, allowing the machinery to be leased back to SHCC for 36 months with an option to repurchase at a nominal fee. These strategic acquisitions and leasing agreements aim to bolster the company’s operational capabilities and market competitiveness.
More about Sang Hing Holdings (International) Ltd.
Sang Hing Holdings (International) Ltd. operates in the machinery industry, focusing on the acquisition and leasing of heavy machinery. The company is incorporated in the Cayman Islands and engages in transactions that enhance its machinery portfolio, which is crucial for its operations and market positioning.
Average Trading Volume: 319,615
Technical Sentiment Signal: Buy
Current Market Cap: HK$67M
For a thorough assessment of 1472 stock, go to TipRanks’ Stock Analysis page.