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Sundart Holdings Ltd. ( (HK:1568) ) has shared an update.
Sundart Holdings Ltd. announced the formation of a joint venture company with Gloryeild, a wholly-owned subsidiary, and Lead Rise, an independent third party, to acquire interests in a target company. This joint venture will focus on the resin-based engineered stone business, with both parties holding equal shares. The financial results of the joint venture will be accounted for using the equity method, and the transaction is classified as discloseable under the Listing Rules, indicating a significant strategic move for Sundart Holdings in expanding its market presence.
More about Sundart Holdings Ltd.
Sundart Holdings Ltd. is involved in investment holding and operates in the industry of resin-based engineered stone products, focusing on wholesale, retail, distribution, production, marketing, design, importation, processing, trading, supply, fitting, and repair of these products across various territories.
YTD Price Performance: 47.83%
Average Trading Volume: 1,171,517
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.58B
For a thorough assessment of 1568 stock, go to TipRanks’ Stock Analysis page.