tiprankstipranks
Trending News
More News >

Shirble Department Store Announces Sale of Zhuhai Xiangyao

Story Highlights
Shirble Department Store Announces Sale of Zhuhai Xiangyao

Don’t Miss TipRanks’ Half-Year Sale

An announcement from Shirble Department Store Holdings (China) Ltd. ( (HK:0312) ) is now available.

Shirble Department Store Holdings (China) Ltd. has announced a discloseable transaction involving the sale of its entire equity interest in Zhuhai Xiangyao. The transaction, valued at RMB1.60 million, will result in Zhuhai Xiangyao ceasing to be a subsidiary of the company. This move aligns with the company’s strategic decisions as the transaction meets the criteria for a discloseable transaction under the Listing Rules, which requires reporting and announcement. The sale is structured with a non-refundable downpayment and subsequent payments, reflecting arm’s length negotiations based on Zhuhai Xiangyao’s financial position and project value.

More about Shirble Department Store Holdings (China) Ltd.

YTD Price Performance: 22.50%

Average Trading Volume: 868,264

Technical Sentiment Signal: Sell

Current Market Cap: HK$122.2M

Find detailed analytics on 0312 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1