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Tycoon Group Holdings Limited ( (HK:3390) ) has issued an update.
Tycoon Group Holdings Limited, under Rule 14.74(2), announced the exercise of a put option by Eyolution Capital Fund to sell 51% of Combo Win Asia Limited back to Tycoon’s subsidiary, Dynasty Garden Limited. This action follows the failure of Combo Win Asia Limited to meet its performance targets. The transaction will consolidate the financial results of Combo Win Asia and its subsidiaries into Tycoon’s financial statements, thereby impacting its financial structure and eliminating the need for notifiable transactions related to financial assistance.
More about Tycoon Group Holdings Limited
YTD Price Performance: -2.30%
Average Trading Volume: 819,694
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2.73B
See more data about 3390 stock on TipRanks’ Stock Analysis page.