Rykadan Capital Limited has announced a significant transaction involving the acquisition of a property. On May 30, 2025, the company's indirect wholly-owned subsidiary entered into an agreement with a vendor for the purchase of the property at a consideration of HK$47,594,399. The company plans to dispatch a circular to shareholders by July 25, 2025, providing further details of the acquisition and a valuation report on the property. Additional time is required to finalize the statement of indebtedness, working capital sufficiency, and certain financial information. Rykadan Capital Limited is seeking a waiver from the Stock Exchange to delay the circular's dispatch beyond the initially planned date.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.