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The latest update is out from Easyknit International Holdings Ltd ( (HK:1218) ).
Easyknit International Holdings Ltd, through its subsidiary Mark Profit, has acquired a total of 15,004,000 shares of Best Food, increasing its stake in the company to approximately 4.69%. The acquisition, valued at around HK$15 million, is classified as a discloseable transaction under Hong Kong’s Listing Rules, necessitating formal reporting and announcements. Best Food, a Cayman Islands-based company, operates chain restaurants and engages in food and beverage brand management primarily in China. Despite its operational focus, Best Food reported significant financial losses in 2024, which may impact its market positioning and stakeholder interests.
More about Easyknit International Holdings Ltd
Easyknit International Holdings Ltd is a company incorporated in Bermuda, primarily engaged in various investment activities. The company operates in the financial sector with a focus on acquiring and managing listed securities.
Average Trading Volume: 42,096
Technical Sentiment Signal: Sell
Current Market Cap: HK$148M
For a thorough assessment of 1218 stock, go to TipRanks’ Stock Analysis page.