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Wecon Holdings Ltd. ( (HK:1793) ) has issued an update.
Wecon Holdings Limited, through its indirect wholly-owned subsidiary, has entered into a formal agreement to acquire a property in Hong Kong for HK$10,500,000. This acquisition is classified as a discloseable transaction under the Listing Rules, requiring notification and announcement due to its size relative to the company’s financials. The property, a factory unit in Kwai Chung, will be acquired on an ‘as is’ basis, with vacant possession delivered upon completion.
More about Wecon Holdings Ltd.
YTD Price Performance: 3.75%
Average Trading Volume: 101,241
Technical Sentiment Signal: Sell
Current Market Cap: HK$132.8M
For a thorough assessment of 1793 stock, go to TipRanks’ Stock Analysis page.