China Foods Limited (HK:0506) has released an update.
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China Foods Limited has announced a new 2024 Financial Services Agreement with COFCO Finance, a connected company under its major shareholder COFCO. This agreement aims to enhance the efficiency of fund management and intra-Group settlements, while also requiring shareholder approval due to its classification as a discloseable transaction under Hong Kong’s Listing Rules. With significant shareholder interest, the company has scheduled a special general meeting to discuss and approve these transactions.
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