The latest announcement is out from Keck Seng Investments (Hong Kong) ( (HK:0184) ).
Keck Seng Investments (Hong Kong) Limited announced that Ocean Place, its indirect subsidiary, has engaged Sen Interior Decoration for a significant hotel renovation project. The transaction, valued at approximately HK$47.66 million, is classified as a discloseable transaction under the Hong Kong Stock Exchange rules, requiring reporting and announcement but not shareholder approval. This strategic move is aimed at enhancing the hotel’s facilities, funded through the company’s internal resources and bank financing, indicating strong financial backing for the project.
More about Keck Seng Investments (Hong Kong)
Keck Seng Investments (Hong Kong) Limited operates in the hospitality, property investment and development, and management services industries. The company focuses on hotel and club operations, and its principal activity is investment holding.
YTD Price Performance: 3.82%
Average Trading Volume: 800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $93.07M
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