Smoore International Invests $80 Million in Morgan Stanley Notes
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Smoore International Holdings Limited (HK:6969) has announced an $80 million investment in notes issued by Morgan Stanley Finance LLC. This transaction, funded by the company's cash reserves, is classified as a discloseable transaction under Hong Kong's Listing Rules, requiring reporting but not shareholder approval. The latest analyst rating for Smoore's stock is a Hold with a price target of HK$14.00. The company operates in the financial sector and has a current market cap of HK$82.62 billion.
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