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The latest announcement is out from Fantasia Holdings Group Co. Ltd. ( (HK:1777) ).
Fantasia Holdings has announced a deemed disposal of interest in its subsidiary Colour Life, following a Rights Issue by Colour Life. The Rights Issue aims to raise up to HK$62.80 million, potentially diluting Fantasia’s stake from 52.44% to 40.99%. Despite the dilution, Colour Life will remain a subsidiary, and its results will continue to be consolidated into Fantasia’s financial statements. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, and its completion depends on certain conditions being met. Investors are advised to exercise caution.
More about Fantasia Holdings Group Co. Ltd.
Fantasia Holdings Group Co., Limited is a company incorporated in the Cayman Islands with limited liability. It is involved in the property management sector and holds a significant stake in Colour Life, a non-wholly owned subsidiary focusing on property management services.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €68.69M
See more insights into 1777 stock on TipRanks’ Stock Analysis page.
