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China Harmony Auto Revises Terms for Equity Disposal Agreement

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China Harmony Auto Revises Terms for Equity Disposal Agreement

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The latest announcement is out from China Harmony Auto Holding Limited ( (HK:3836) ).

China Harmony Auto Holding Limited has entered into a supplemental agreement with EGL and Mr. Feng to amend certain terms of a prior agreement concerning the disposal of a 45% equity interest in a disposal company. The revised terms ensure that both parties maintain their respective equity interests in the disposal company at 55% and 45% through coordinated exercise of conversion rights, preventing any deemed disposal or acquisition.

More about China Harmony Auto Holding Limited

China Harmony Auto Holding Limited is a company incorporated in the Cayman Islands, operating primarily in the automotive industry. The company focuses on the sale and servicing of automobiles, with a market presence in Hong Kong.

Average Trading Volume: 638,844

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.01B

For detailed information about 3836 stock, go to TipRanks’ Stock Analysis page.

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