MMG (HK:1208) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
MMG Limited has completed a significant transaction involving the acquisition of Cuprous Capital Ltd., making it an indirect wholly-owned subsidiary and owner of Khoemacau Mine. The company has entered a Shareholders’ Agreement post-acquisition, which will result in MMG’s equity interest in the Joint Venture Company decreasing from 100% to 55%. This strategic move is expected to be reflected in MMG’s consolidated financial statements and is compliant with the relevant Listing Rules, including those for discloseable and connected transactions.
For further insights into HK:1208 stock, check out TipRanks’ Stock Analysis page.
