A & S Group Enters Major JV Agreement to Expand Logistics Operations

A & S Group (Holdings) Limited ( (HK:1737) ) has provided an announcement.

A & S Group (Holdings) Limited has entered into a joint venture (JV) agreement with independent third parties, Mr. Fei and Ms. Fu, to form a JV company. This major transaction involves the grant of Call and Put Options, with a potential consideration of up to HK$95,000,000. The transaction is classified as a major one under the Listing Rules, requiring reporting and shareholder approval, which has been obtained from the majority shareholder, Dynamic Victor. The JV aims to expand the company’s logistics operations, but its formation is subject to several conditions precedent, and shareholders are advised to exercise caution.

More about A & S Group (Holdings) Limited

A & S Group (Holdings) Limited operates in the logistics industry, focusing on warehousing, transportation services, and related value-added services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 46.67%

Average Trading Volume: 411,904

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$132M

See more insights into 1737 stock on TipRanks’ Stock Analysis page.