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Wan Kei Group Holdings Limited ( (HK:1718) ) has issued an update.
Wan Kei Group Holdings Limited has announced a significant acquisition, purchasing 51% of the issued share capital of a target company for HK$15,000,000. This transaction will result in the target company becoming an indirect non-wholly owned subsidiary of Wan Kei Group, with its financial results consolidated into the group’s financial statements. The acquisition is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement due to its size. However, the completion of this acquisition is contingent upon certain conditions being met, and stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:1718) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wan Kei Group Holdings Limited stock, see the HK:1718 Stock Forecast page.
More about Wan Kei Group Holdings Limited
Average Trading Volume: 1,440,217
Technical Sentiment Signal: Hold
Current Market Cap: HK$92.6M
Find detailed analytics on 1718 stock on TipRanks’ Stock Analysis page.