Smart Globe Holdings Expands Fleet with Major Vehicle Purchase
Smart Globe Holdings Ltd. has announced a major vehicle purchase to enhance its supply chain management, acquiring 50 tractor trucks and 50 semi trailers for approximately US$2,388,750. This transaction is classified as a discloseable transaction under Hong Kong Stock Exchange rules. The purchase will be funded through internal resources and aims to improve operational capabilities. The current analyst rating for Smart Globe Holdings (HK:1481) is a Hold with a price target of HK$1.00.
An announcement from Smart Globe Holdings Ltd. ( (HK:1481) ) is now available.
Smart Globe Holdings Limited, a company incorporated in the Cayman Islands, has announced a significant purchase as part of its expansion strategy to enhance supply chain management. The company has entered into a sales contract with Rich-Coop Co., Limited for the acquisition of 50 tractor trucks and 50 40-foot 3-axle semi trailers, valued at approximately US$2,388,750. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, requiring notification and announcement but not shareholder approval. The purchase is intended to be funded through the company’s internal resources and aims to bolster its operational capabilities.
The most recent analyst rating on (HK:1481) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Smart Globe Holdings Ltd. stock, see the HK:1481 Stock Forecast page.
More about Smart Globe Holdings Ltd.
Average Trading Volume: 463,025
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.12B
