Carrianna Group Holdings Company Limited (HK:0126) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Carrianna Group Holdings Company Limited has announced the purchase of a 10% equity stake in Yiyang Carrianna International Hotel Management Company Limited for RMB15 million. This transaction is considered a discloseable and connected transaction, as it involves a state-owned enterprise with substantial holdings in the Disposal Company and exceeds the 5% threshold of the Listing Rules. The Board has approved the sale, deeming it fair and in the company’s and shareholders’ interests, thus exempting it from further approval requirements.
For further insights into HK:0126 stock, check out TipRanks’ Stock Analysis page.