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Kelly Partners Approves Financial Assistance for Subsidiary Acquisition

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Kelly Partners Approves Financial Assistance for Subsidiary Acquisition

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An announcement from Kelly Partners Group Holdings Ltd. ( (AU:KPG) ) is now available.

Kelly Partners Group Holdings Ltd. held an Extraordinary General Meeting to approve a resolution for providing financial assistance to one of its subsidiaries. The resolution allows the subsidiary to acquire a majority stake in another entity by securing new loan facilities and guarantees with Westpac, which is expected to facilitate the funding requirements for this acquisition.

The most recent analyst rating on (AU:KPG) stock is a Hold with a A$11.50 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.

More about Kelly Partners Group Holdings Ltd.

Kelly Partners Group Holdings Ltd. operates in the financial services industry, focusing on providing accounting and business advisory services. The company is known for its expertise in assisting businesses with financial management and strategic planning, catering primarily to small and medium-sized enterprises.

Average Trading Volume: 39,864

Technical Sentiment Signal: Buy

Current Market Cap: A$477.7M

See more insights into KPG stock on TipRanks’ Stock Analysis page.

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