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The latest update is out from AEON Stores (Hong Kong) Co., Limited ( (HK:0984) ).
AEON Stores (Hong Kong) Co., Limited has announced a revision of its annual caps for continuing connected transactions related to consultancy services agreements with AEON China. This decision comes in response to increased consultancy needs due to economic challenges and competitive pressures, necessitating merchandise reforms and operational adjustments. The revised caps exceed 5% of the applicable percentage ratio, requiring independent shareholder approval and compliance with Hong Kong’s Listing Rules. An Independent Board Committee and Financial Adviser have been appointed to guide shareholders, with an Extraordinary General Meeting planned for approval.
More about AEON Stores (Hong Kong) Co., Limited
AEON Stores (Hong Kong) Co., Limited operates in the retail industry, providing a range of consumer goods and services. The company is a subsidiary of AEON Co, focusing on retail operations in Hong Kong and other regions.
Average Trading Volume: 83,925
Technical Sentiment Signal: Sell
Current Market Cap: HK$101.4M
Find detailed analytics on 0984 stock on TipRanks’ Stock Analysis page.