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EDA Group Holdings Limited ( (HK:2505) ) has shared an update.
EDA Group Holdings Limited, a company with significant business interests, announced a connected transaction involving the acquisition of PT Samanea Logistics Property. The acquisition agreement involves purchasing the entire share capital from current vendors, transforming PT Samanea into an indirect wholly-owned subsidiary. This strategic move allows the company to consolidate PT Samanea’s financial results into its statements, potentially strengthening its market position. The transaction, characterized as a connected transaction due to existing shareholder dynamics, is exempt from certain shareholder approval requirements. The Board views the acquisition as fair and beneficial for stakeholders.
More about EDA Group Holdings Limited
YTD Price Performance: -1.27%
Average Trading Volume: 577,159
Technical Sentiment Consensus Rating: Strong Buy
See more data about 2505 stock on TipRanks’ Stock Analysis page.