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Article Date: August 2019
Word Count: 199

Symphony Holdings Readies U.S. War Chest


The Chinese retailer and mall operator’s special purpose acquisition company, TKK Symphony Acquisition, has raised US$250 million to date in partnership with an international fund for future mergers and acquisitions in the sporting goods space. It started trading on the Nasdaq last fall under the TKKSU ticker. Symphony reported comprehensive net income jumped up to HK$62,966,000 ($9.2 mm) in the first half of 2019 from HK$1,499,000 last year, benefitting from a positive swing in exchange differences from foreign operations. Excluding comprehensive items, net income was up 14% to HK$39,068,000 ($5.7 mm) from HK$34,186,000 on revenues of HK$193,847,000 ($28.4 mm) ... Log in to view full article.

 


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