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China Touyun Tech Group ( (HK:1332) ) has shared an update.
China Touyun Tech Group, through its wholly-owned subsidiary, has entered into an agreement to sell its 70% stake in a target company to Renaissance International China Limited for RMB13,000,000. This transaction will result in the target company no longer being a subsidiary of China Touyun Tech Group, and its financial results will not be consolidated into the group’s financial statements. The disposal is considered a major and connected transaction under Hong Kong’s Listing Rules, requiring shareholder approval and compliance with specific reporting and announcement requirements.
More about China Touyun Tech Group
Average Trading Volume: 145,479
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$488.2M
See more data about 1332 stock on TipRanks’ Stock Analysis page.
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