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Road King Infrastructure ( (HK:1098) ) has issued an update.
Road King Infrastructure Limited announced that Wise Start, a subsidiary of Build King, has exercised its redemption rights under a joint venture agreement to redeem HK$400 million in Sale Loans. This move will result in a transfer of shares, increasing Road King’s indirect shareholding in the Project Company from 80% to 90%, potentially strengthening its position and influence in the project.
More about Road King Infrastructure
Road King Infrastructure Limited, incorporated in Bermuda, operates within the infrastructure industry, primarily focusing on road and property development. The company forms strategic joint ventures to expand its market reach and enhance its project portfolio.
YTD Price Performance: -1.05%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $102.9M
See more data about 1098 stock on TipRanks’ Stock Analysis page.
