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An announcement from Starlite Holdings Limited ( (HK:0403) ) is now available.
Starlite Holdings Limited has entered into a discloseable transaction to acquire a Heidelberg Speedmaster Six-Colour Offset Press with Coating System (Model CX 104-6+L) for RMB12.8 million (approximately HK$14.24 million), including VAT, from Heidelberg Graphics (Beijing) Company Limited Shenzhen Branch. The consideration, determined on normal commercial terms after arm’s length negotiations and benchmarked against prevailing market prices for similar equipment, will be paid 40% as a deposit within five working days of signing and 60% seven days before delivery, with the machine expected to be delivered about four months after the deposit payment. Classified as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules due to one of the applicable percentage ratios exceeding 5% but remaining below 25%, the acquisition requires reporting and announcement but no shareholder approval, and is expected to strengthen Starlite’s production capacity and operational capabilities in its printing business, potentially enhancing efficiency and competitiveness in its core markets.
The most recent analyst rating on (HK:0403) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Starlite Holdings Limited stock, see the HK:0403 Stock Forecast page.
More about Starlite Holdings Limited
Starlite Holdings Limited, through its indirect wholly owned subsidiary Starlite Printers (Suzhou) Co., Ltd., operates in the printing and packaging industry, providing commercial printing services and related solutions to customers in mainland China and other markets. The group utilises advanced printing machinery and technologies to enhance production efficiency and quality for its client base.
Average Trading Volume: 134,393
Technical Sentiment Signal: Sell
Current Market Cap: HK$80.1M
See more data about 0403 stock on TipRanks’ Stock Analysis page.