Snack Empire Acquires Property in Major Transaction

An update from Snack Empire Holdings Limited ( (HK:1843) ) is now available.

Snack Empire Holdings Limited, through its subsidiary STSS Integrated Pte Ltd, has exercised an option to purchase a property from Agrocorp International Pte Ltd for SGD7,785,500 plus GST. This acquisition, classified as a major transaction under Hong Kong’s Listing Rules, surpasses a 25% threshold necessitating shareholder approval. However, the company has secured written approval from its major shareholder, Brilliant Stride Limited, which holds 75% of its shares, thus exempting it from convening a general meeting. An extension for the dispatch of detailed circulars to shareholders has been requested, pushing the deadline to March 12, 2025.

More about Snack Empire Holdings Limited

Snack Empire Holdings Limited is a company incorporated in the Cayman Islands, focusing on the food and beverage industry. It operates through subsidiaries, offering a variety of snack products to cater to diverse consumer preferences.

YTD Price Performance: -13.33%

Average Trading Volume: 71,189

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$104M

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