Alco invests HK$5 mln to increase 10% shareholding of Alco plastic product

Alco Holdings (0328) announced that it increased 10% shareholding of Alco plastic product at a price of HK$5 mln in cash, thus lifting its shareholding to 80% from 70%. The offer registered a 20% discount of the net tangible assets of the Alco plastic product. As of the end of March, the net tangible assets value of Alco plastic product hit HK$63 mln. Excluding taxes and special items, the profit reached HK$25.07 mln. The figure for last year stood at HK$9.184 mln.

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