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The latest announcement is out from SiS International Holdings ( (HK:0529) ).
SiS International Holdings Limited announced the acquisition of a 50.01% stake in Gestetner of Ceylon Plc, a Sri Lankan company engaged in the importation and supply of office automation products. This acquisition, executed through the Colombo Stock Exchange, marks the company’s strategic expansion into the Sri Lankan market. Following the acquisition, SiS International is required to make a mandatory offer to acquire the remaining shares of Gestetner, further solidifying its presence in the region. This move is part of SiS International’s broader strategy to expand its distribution business in emerging markets.
The most recent analyst rating on (HK:0529) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on SiS International Holdings stock, see the HK:0529 Stock Forecast page.
More about SiS International Holdings
SiS International Holdings Limited is a company incorporated in Bermuda and operates through its subsidiaries. The company is involved in the distribution business, focusing on expanding its market presence in regions with emerging opportunities.
Average Trading Volume: 240,571
Technical Sentiment Signal: Buy
Current Market Cap: HK$528.1M
See more insights into 0529 stock on TipRanks’ Stock Analysis page.