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IRC Company Sells Stake in Joint Venture for $4.5 Million

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IRC Company Sells Stake in Joint Venture for $4.5 Million

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IRC ( (HK:1029) ) just unveiled an update.

IRC Company has announced the disposal of a 46% equity interest in a joint venture company, with the transaction valued at approximately US$4.5 million. This strategic move, executed through an Equity Transfer Agreement, will see IRC’s wholly-owned subsidiary relinquish its stake, potentially impacting its market positioning and operational focus.

More about IRC

YTD Price Performance: -13.95%

Average Trading Volume: 388,657

Technical Sentiment Signal: Sell

Current Market Cap: HK$945.7M

Learn more about 1029 stock on TipRanks’ Stock Analysis page.

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