Smart Globe Holdings Ltd. (HK:1481) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Smart Globe Holdings Ltd. has successfully completed the acquisition of land, a share subscription, and the issuance of convertible bonds, marking a significant restructuring of its subsidiary Huge Cheer. The company’s shareholding in Huge Cheer, now an indirect non-wholly owned subsidiary, has decreased to 80%, with proceeds from these transactions aimed at bolstering working capital for its logistics business. These strategic moves reflect Smart Globe’s efforts to capitalize on the investment potential of its newly acquired assets.
For further insights into HK:1481 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Benchmark Analysts Turn on Netflix (NASDAQ:NFLX)
- Ford (NYSE:F) Rolls out Best Sales Since 2019
- Intel (NASDAQ:INTC) Gears Up For CES
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
