An announcement from GOGOX Holdings Limited ( (HK:2246) ) is now available.
GOGOX Holdings Limited has announced its subscription to Participating Shares in a Fund, acquiring 6,500 shares which represent approximately 56% equity interests in the Fund. The subscription, amounting to HK$65,000,000, was facilitated by the company’s idle cash reserves and aims at enhancing capital utilization through low-risk, high-liquidity investments. The Fund primarily focuses on short-term debt, fixed income securities, and lending, with no current intention of distributing income as dividends.
More about GOGOX Holdings Limited
YTD Price Performance: -8.70%
Average Trading Volume: 1,530,116
Technical Sentiment Consensus Rating: Buy
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