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Niraku GC Holdings Acquires Property in Japan for HK$42.3 Million

Story Highlights
  • Niraku GC Holdings acquires land and buildings in Japan for JPY798.4 million.
  • The acquisition includes a ryokan inn and existing lease obligations, enhancing asset portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Niraku GC Holdings, Inc. ( (HK:1245) ) just unveiled an update.

Niraku GC Holdings, Inc. has announced a discloseable transaction involving the acquisition of land and buildings in Kokonoe-machi, Japan. The purchase, valued at JPY798.4 million (approximately HK$42.3 million), includes a ryokan inn and involves the transfer of existing lease obligations to the purchaser. This strategic acquisition is seen as a fair investment based on market conditions and is expected to enhance the company’s asset portfolio.

More about Niraku GC Holdings, Inc.

YTD Price Performance: -23.18%

Average Trading Volume: 124,933

Technical Sentiment Signal: Buy

Current Market Cap: HK$202.1M

Learn more about 1245 stock on TipRanks’ Stock Analysis page.

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