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Tycoon Group Holdings Limited ( (HK:3390) ) just unveiled an update.
Tycoon Group Holdings Limited announced that it exceeded its 2024 annual cap for transactions with CR Care, a connected person, due to increased purchases in anticipation of CR Care’s retail branch closures in Hong Kong. The company spent approximately HK$6.8 million, surpassing the HK$3.5 million cap by HK$3.3 million. This oversight is considered isolated, and Tycoon Group plans to implement remedial measures to prevent future occurrences. The company is negotiating potential direct purchases from DEEJ and has no plans to revise the annual caps for 2025 and 2026.
More about Tycoon Group Holdings Limited
Tycoon Group Holdings Limited operates in the healthcare industry, focusing on the distribution of health and wellness products. The company is involved in the sale and purchase of various healthcare products, including those under the brand DEEJ, and has a significant market presence in Hong Kong.
YTD Price Performance: 4.02%
Average Trading Volume: 602,466
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.9B
See more insights into 3390 stock on TipRanks’ Stock Analysis page.