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Century Sage Scientific Holdings Ltd ( (HK:1450) ) has issued an announcement.
Century Sage Scientific Holdings Ltd has announced a significant acquisition, where its subsidiary will acquire 100% equity interests in a target company for RMB180.0 million. This acquisition will make the target company an indirect wholly-owned subsidiary, integrating its financial results into Century Sage’s consolidated statements. The transaction is classified as both a disclosable and connected transaction under Hong Kong’s Listing Rules, necessitating shareholder approval and an independent board review. The move is expected to enhance the company’s market positioning and operational capabilities.
More about Century Sage Scientific Holdings Ltd
Average Trading Volume: 1,613,852
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.46B
See more data about 1450 stock on TipRanks’ Stock Analysis page.