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C.banner International Exits Toy Retail Business with Strategic Sale

Story Highlights
  • C.banner International Holdings Ltd. sells its entire stake in Toy Kingdom Hong Kong Limited.
  • The transaction is a connected and discloseable transaction under Hong Kong’s Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
C.banner International Exits Toy Retail Business with Strategic Sale

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An announcement from C.banner International Holdings Ltd. ( (HK:1028) ) is now available.

C.banner International Holdings Ltd. has entered into an agreement to sell its entire equity interest in Toy Kingdom Hong Kong Limited, effectively exiting the toy retail business. This transaction, involving a connected party, is subject to certain reporting requirements under Hong Kong’s Listing Rules but does not require shareholder approval due to the transaction’s scale.

The most recent analyst rating on (HK:1028) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on C.banner International Holdings Ltd. stock, see the HK:1028 Stock Forecast page.

More about C.banner International Holdings Ltd.

C.banner International Holdings Ltd. is a company incorporated in Bermuda, primarily involved in the toy retail business through its subsidiary, Toy Kingdom Hong Kong Limited.

Average Trading Volume: 333,959

Technical Sentiment Signal: Sell

Current Market Cap: HK$421.6M

See more data about 1028 stock on TipRanks’ Stock Analysis page.

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