Realord Group Holdings Limited (HK:1196) has released an update.
Realord Group Holdings Limited has agreed to sell 75% of its shares in The Sincere Company Limited to MHL, valued at HK$387.78 million. This transaction will make MHL the majority stakeholder in Sincere, which primarily operates department stores. The deal, considered a discloseable and connected transaction, is subject to regulatory approvals.
For further insights into HK:1196 stock, check out TipRanks’ Stock Analysis page.