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China Boton Group Co., Ltd. ( (HK:3318) ) just unveiled an update.
China Boton Group Co., Ltd. has entered into a Supplemental Agreement regarding the disposal of equity interest in Boton Flavors, a subsidiary involved in flavors and fragrances. The new agreement includes a guarantee from the purchasers that Boton Flavors Group’s net profit will grow by at least 5% from January 2025 to March 2026. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval. The agreement follows a previous profit guarantee which saw significant net profit growth but failed to meet revenue targets.
More about China Boton Group Co., Ltd.
Average Trading Volume: 249,680
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.07B
See more data about 3318 stock on TipRanks’ Stock Analysis page.