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An announcement from Daisho Microline Holdings Limited ( (HK:0567) ) is now available.
Daisho Microline Holdings Limited, through its indirect wholly-owned subsidiary, has entered into a Capital Injection Agreement to subscribe for registered capital in a target company for RMB28,500,000. This transaction will result in Daisho Microline holding approximately 15.12% of the enlarged registered capital of the target company, which will be accounted as an associated company, but its financial results will not be consolidated into Daisho’s financial statements. The transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, subject to reporting and announcement requirements, but exempt from shareholders’ approval.
More about Daisho Microline Holdings Limited
YTD Price Performance: 24.44%
Average Trading Volume: 364,368
Technical Sentiment Signal: Sell
Current Market Cap: HK$180.7M
See more data about 0567 stock on TipRanks’ Stock Analysis page.