The latest update is out from Emperor Watch & Jewellery ( (HK:0887) ).
Emperor Watch & Jewellery Limited announced a discloseable and connected transaction involving the acquisition of the entire equity interest in a target company for approximately HK$79.8 million. This acquisition, subject to adjustments, involves the purchase of the target company’s net asset value and a sale loan, and requires independent shareholders’ approval under the Listing Rules. The transaction is expected to impact the company’s operations by expanding its asset base and potentially enhancing its market positioning.
More about Emperor Watch & Jewellery
Emperor Watch & Jewellery Limited, incorporated in Hong Kong, operates in the luxury goods industry, focusing on the sale of high-end watches and jewelry. The company is known for its premium products and has a significant market presence in Hong Kong and Macau.
YTD Price Performance: 5.00%
Average Trading Volume: 560,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $158.6M
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