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SJM Holdings ( (HK:0880) ) just unveiled an update.
SJM Holdings has announced a series of transactions involving the acquisition of the entire issued share capital of Arc of Triumph Development Company Limited. The acquisition involves a purchase price of MOP180,000 and the repayment of an ICBC Loan amounting to HK$1,749,825,243. Additionally, a Loan Agreement will be entered into for HK$177,525,000 to finance part of the repayment. The transactions also include the termination of the L’Arc Services Agreement, which will cease operations at Casino L’Arc Macau as a satellite casino by the end of 2025, impacting the service fee arrangements with L’Arc Entertainment.
The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.
More about SJM Holdings
Average Trading Volume: 24,591,407
Technical Sentiment Signal: Sell
Current Market Cap: HK$19.17B
For detailed information about 0880 stock, go to TipRanks’ Stock Analysis page.