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A & S Group (Holdings) Limited ( (HK:1737) ) has provided an announcement.
A & S Group (Holdings) Limited has announced a supplemental deed to its JV Agreement, amending the formula for determining the Put and Call Prices related to equity interests in the JV Company. This strategic move aims to expand the company’s business into the local supply chain sector in Hong Kong, targeting substantial consumer groups and diversifying its revenue streams. The JV will allow the Group to hold a majority stake, with potential to increase its shareholding further based on the JV Company’s performance.
More about A & S Group (Holdings) Limited
A & S Group (Holdings) Limited is primarily engaged in providing air freight forwarding ground handling services and air cargo terminal operating services in Hong Kong. The company is leveraging its extensive experience and resources in the logistics industry to explore new business opportunities, particularly in local and cold supply chain logistics.
Average Trading Volume: 512,244
Technical Sentiment Signal: Buy
Current Market Cap: HK$119M
See more insights into 1737 stock on TipRanks’ Stock Analysis page.