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TBK & Sons Completes Property Disposal Amid Listing Rule Oversight

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TBK & Sons Completes Property Disposal Amid Listing Rule Oversight

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TBK & Sons Holdings Limited ( (HK:1960) ) has issued an update.

TBK & Sons Holdings Limited, through its subsidiary, has completed the sale of four parcels of freehold vacant light industrial land in Johor, Malaysia, for approximately RM11.46 million. This transaction, classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, was not initially reported due to an oversight, leading to non-compliance. The company acknowledges this lapse and emphasizes its commitment to adhering to regulatory requirements in the future.

More about TBK & Sons Holdings Limited

Average Trading Volume: 155,657

Technical Sentiment Signal: Buy

Current Market Cap: HK$270M

Learn more about 1960 stock on TipRanks’ Stock Analysis page.

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