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An announcement from Want Want China Holdings ( (HK:0151) ) is now available.
Want Want China Holdings has announced a connected transaction involving the acquisition of a property in Kaohsiung City, Taiwan. The transaction involves a subsidiary of the company purchasing land and buildings from an associate of Mr. Tsai, the company’s chairman and CEO. The purchase price for the property is NTD704,500,000, and the transaction is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval. This acquisition reflects the company’s strategic move to enhance its asset portfolio, potentially impacting its operational capabilities and market positioning.
The most recent analyst rating on (HK:0151) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Want Want China Holdings stock, see the HK:0151 Stock Forecast page.
More about Want Want China Holdings
Average Trading Volume: 5,903,319
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$63.26B
Find detailed analytics on 0151 stock on TipRanks’ Stock Analysis page.