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Sinomax Group Ltd. ( (HK:1418) ) just unveiled an announcement.
Sinomax Group Ltd. has announced a further subscription of shares in a target company, with a transaction valued at EUR5 million. This move will result in Sinomax’s subsidiary owning 55% of the target company, consolidating its financial results into the group’s accounts. The transaction is classified as a discloseable transaction under Hong Kong’s listing rules but is exempt from shareholder approval. Additionally, the target group has secured rights to continue selling and manufacturing goods incorporating licensed properties, ensuring ongoing business operations under existing agreements.
More about Sinomax Group Ltd.
Sinomax Group Ltd. is a company incorporated under the laws of the Cayman Islands, primarily engaged in the manufacturing and sale of goods and merchandise. The company operates in the industry of consumer goods and has a market focus on leveraging licensed properties for its product offerings.
Average Trading Volume: 255,743
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$542.5M
See more data about 1418 stock on TipRanks’ Stock Analysis page.