An update from Kantone Holdings ( (HK:1059) ) is now available.
Kantone Holdings Limited has entered into a Provisional Sale and Purchase Agreement through its indirect wholly-owned subsidiary, Kantone Energy Trading Company Limited, to acquire a property located at Workshop Unit No. 27 on the 9th Floor of Block B, Focal Industrial Centre, Kowloon, Hong Kong. The acquisition, valued at HK$9,000,000, is categorized as a discloseable transaction under Hong Kong’s Listing Rules, requiring specific reporting and announcement obligations. This strategic move is aligned with the company’s operational goals, given the property’s market value of approximately HK$12,000,000 based on a recent independent valuation. The transaction is expected to be completed by March 31, 2025, with the property delivered on an ‘as is’ basis, highlighting Kantone’s active engagement in optimizing its asset portfolio.
More about Kantone Holdings
YTD Price Performance: 7.50%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $10.98M
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