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An announcement from Kwong Luen Engineering Holdings Limited ( (HK:1413) ) is now available.
FEG Holdings Corporation Limited, primarily involved in construction services in Hong Kong, has announced the establishment of a wholly-owned subsidiary, Jure Holdings Co., Limited. This new entity will focus on the manufacturing and sales of jewelry and precious metals-related products as part of the Group’s business diversification strategy. The move aims to spread risk, increase revenue streams, and provide stability for the Group. While Jure Holdings has not yet commenced operations, the principal business of the Group will continue to be construction services, which is expected to generate the majority of revenue through the financial year ending March 31, 2025. The establishment of Jure Holdings is not anticipated to materially impact the Group’s operating results for the mentioned financial year.
More about Kwong Luen Engineering Holdings Limited
YTD Price Performance: -14.00%
Average Trading Volume: 5,124,123
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$154.8M
Learn more about 1413 stock on TipRanks’ Stock Analysis page.
