Asia Standard International Streamlines Holdings with Strategic Share Acquisition
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Asia Standard International Group (HK:0129) has announced a strategic acquisition of 1.031% of Asia Standard Hotel Group shares to streamline its corporate structure and reduce costs. This move, involving connected persons, does not require shareholder approval. The latest analyst rating for HK:0129 is a Hold with a price target of HK$0.50. The company, based in Bermuda, operates in real estate and hospitality, with a current market cap of HK$433.3M and an average trading volume of 598,937.
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