RAS Technology Holdings' (ASX:RTH) subsidiary, Racing and Sports Asia, completed the acquisition of six Hong Kong-based racing data and editorial publications for HK$20 million, according to a Friday filing with the Australian bourse.
The publications include the Hong Kong Daily News Racing Booklet and Newspaper, The Sun Racing Journal, WQ Racing Booklet, Turf Timers, and Mark Six Lottery, per the filing. RAS Technology will also provide key services to the Hong Kong Jockey Club, the filing stated.
The assets delivered a revenue of AU$3.6 million and a profit of AU$404,000 in fiscal 2024. The acquisition is expected to be earnings accretive within the first year, the filing added.
RAS Technology's shares were up 6% in recent Friday trade.
Price (AUD): $0.80, Change: $+0.045, Percent Change: +6.00%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。