tiprankstipranks
Trending News
More News >

Tianli Holdings Group Limited Announces Machinery Acquisition

Story Highlights
  • Tianli Holdings Group Limited’s subsidiary Dong Eyang will acquire machinery from Dong Rong for JPY175,000,000.
  • The acquisition is a discloseable transaction under Listing Rules, impacting Tianli’s operational capabilities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianli Holdings Group Limited Announces Machinery Acquisition

Confident Investing Starts Here:

Tianli Holdings Group Limited ( (HK:0117) ) has issued an announcement.

Tianli Holdings Group Limited, through its indirect wholly-owned subsidiary Dong Eyang, has entered into a purchase contract to acquire machinery from Dong Rong for JPY175,000,000 (approximately HK$9,100,000). The transaction is classified as a discloseable transaction under the Listing Rules, requiring notification and announcement due to its applicable percentage ratio exceeding 5% but being less than 25%. This acquisition is expected to impact the company’s operational capabilities and market positioning by enhancing its machinery assets.

More about Tianli Holdings Group Limited

YTD Price Performance: -18.18%

Average Trading Volume: 90,937

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$134.1M

Find detailed analytics on 0117 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1