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Star Group Company Limited ( (HK:1560) ) just unveiled an update.
Star Group Asia Limited has issued a supplemental announcement regarding its previously disclosed disposal of certain properties and the related leaseback arrangement, clarifying how the leaseback is classified under Hong Kong listing rules. The company states that, as the relevant percentage ratios for the leaseback exceed 5% but remain below 25%, the transaction is treated as a discloseable transaction subject only to reporting and announcement requirements, without the need for a shareholder circular or approval. The board reiterates that the disposal and leaseback terms, including the consideration, are on normal commercial terms, fair and reasonable, and in the interests of the company and its shareholders as a whole, signalling management’s view that the transaction appropriately balances capital management with continued operational use of the properties.
The most recent analyst rating on (HK:1560) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Star Group Company Limited stock, see the HK:1560 Stock Forecast page.
More about Star Group Company Limited
Star Group Asia Limited is a Hong Kong–listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1560. The company is governed by a board comprising executive, non-executive and independent non-executive directors, reflecting a typical listed-corporate structure, though the announcement does not specify its exact industry segment or core business lines.
Average Trading Volume: 156,090
Technical Sentiment Signal: Sell
Current Market Cap: HK$81.47M
Find detailed analytics on 1560 stock on TipRanks’ Stock Analysis page.