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An update from Star Group Company Limited ( (HK:1560) ) is now available.
Star Group Asia Limited has announced a major transaction involving the sale of a property for HK$48,367,000, followed by a leaseback arrangement. This move allows the company to maintain operational use of the property while optimizing its financial structure. The transaction is classified as a major transaction under Hong Kong’s Listing Rules, requiring shareholder approval, which will be obtained through written consent from major shareholders, thus bypassing the need for a physical meeting.
More about Star Group Company Limited
Star Group Asia Limited is incorporated in the Cayman Islands and operates in the property sector. The company is involved in property transactions and management, focusing on strategic property disposals and leaseback arrangements to optimize its asset portfolio.
Average Trading Volume: 110,430
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$75.7M
For an in-depth examination of 1560 stock, go to TipRanks’ Overview page.