Wai Kee Holdings Limited (HK:0610) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Wai Kee Holdings Limited has announced the sale of a 75.576% equity interest in a subsidiary, reducing its stake in the company to 20%. The transaction, valued at approximately RMB124.94 million, will reclassify the subsidiary as an associate of Wai Kee and Build King. This move, subject to the Hong Kong Stock Exchange’s reporting requirements, highlights Wai Kee’s strategic financial realignment.
For further insights into HK:0610 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue