Wai Kee Holdings Limited ( (HK:0610) ) has shared an update.
Wai Kee Holdings Limited announced that its subsidiary, Build King, is proceeding with a discloseable and connected transaction related to the partial exercise of a loan redemption right concerning a project company. This transaction involves the transfer of shares and financial assets, impacting the company’s accounting treatment of the project company from an associate to a financial asset. The transaction falls under specific disclosure and reporting requirements of the Hong Kong Stock Exchange, but it remains within pre-approved limits by the Wai Kee Board and does not exceed the aggregate fair value threshold.
More about Wai Kee Holdings Limited
Wai Kee Holdings Limited, incorporated in Bermuda, operates in the construction and engineering sector. The company, through its subsidiary Build King Holdings Limited, is engaged in infrastructure development and related projects.
YTD Price Performance: -6.94%
Average Trading Volume: 69,825
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$531.4M
See more data about 0610 stock on TipRanks’ Stock Analysis page.