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The latest announcement is out from Solis Holdings Ltd. ( (HK:2227) ).
Solis Holdings Ltd. announced the acquisition of a bond valued at S$1,003,000 (approximately HK$6.0 million) from the open market. The bond, issued by SNB Funding Limited and guaranteed by The Saudi National Bank, has a coupon rate of 3.40% per annum and matures on 1 December 2035. This acquisition is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement but not shareholder approval. The transaction was funded from Solis Holdings’ internal resources, and the seller remains independent of the company. This move signifies Solis Holdings’ strategic investment in financial instruments, potentially enhancing its financial portfolio and market positioning.
The most recent analyst rating on (HK:2227) stock is a Hold with a HK$0.13 price target. To see the full list of analyst forecasts on Solis Holdings Ltd. stock, see the HK:2227 Stock Forecast page.
More about Solis Holdings Ltd.
Solis Holdings Ltd. is a company incorporated in the Cayman Islands with limited liability, listed on the Main Board of the Stock Exchange. The Group specializes in designing, building, and installing mechanical and electrical systems.
Average Trading Volume: 1,051,523
Technical Sentiment Signal: Buy
Current Market Cap: HK$105.3M
For a thorough assessment of 2227 stock, go to TipRanks’ Stock Analysis page.