Four Seas Mercantile Holdings Limited (HK:0374) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Four Seas Mercantile Holdings Limited has announced the acquisition of two properties in East Kowloon, Hong Kong, for a total of HK$205,400,000. The properties include the entire 31st floor and office space on the 21st floor of a Grade A intelligent office building, which will be used as the company’s new Hong Kong offices. The transaction is a discloseable event according to the Listing Rules, as the acquisition percentages are significant.
For further insights into HK:0374 stock, check out TipRanks’ Stock Analysis page.