Wisdom Education International Holdings Co. Ltd. (HK:6068) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Wisdom Education International Holdings Co. Ltd. has announced that its subsidiary, BEHK, has redeemed over 406,000 units of its Fund Investment Portfolio on June 6, 2024, for approximately HK$30 million. This transaction is classified as a discloseable transaction under the Hong Kong Listing Rules due to its size. The redemption resulted in a loss of around HK$3.2 million for BEHK, which the company plans to offset by using the proceeds to repay its borrowings.
For further insights into HK:6068 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue