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China Youran Dairy Group Limited ( (HK:9858) ) has shared an update.
China Youran Dairy Group Limited has announced a change in the purchaser for its Ruminant Nutrition and Health Technology Research Center. The original sale agreement with a non-wholly owned subsidiary of Yili has been terminated, and a new agreement has been executed with a wholly-owned subsidiary of Yili. This transaction, valued at an estimated RMB250 million, is classified as a connected transaction under the Hong Kong Listing Rules, exempt from independent shareholders’ approval but subject to reporting requirements.
The most recent analyst rating on (HK:9858) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on China Youran Dairy Group Limited stock, see the HK:9858 Stock Forecast page.
More about China Youran Dairy Group Limited
China Youran Dairy Group Limited operates in the dairy industry, focusing on the production and sale of dairy products. The company is involved in the development of ruminant nutrition and health technology, which is a significant aspect of its market focus.
Average Trading Volume: 24,529,292
Technical Sentiment Signal: Buy
Current Market Cap: HK$16.74B
For a thorough assessment of 9858 stock, go to TipRanks’ Stock Analysis page.