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DevGreat Group Ltd. Announces Strategic Restructuring at Upcoming SGM

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DevGreat Group Ltd. Announces Strategic Restructuring at Upcoming SGM

An announcement from Shanghai Zendai Property Ltd. ( (HK:0755) ) is now available.

DevGreat Group Limited, formerly known as Shanghai Zendai Property Ltd., announced a Special General Meeting (SGM) set for March 7, 2025, in Hong Kong. The meeting will address several resolutions including the approval of a Set-off Deed, a Loan Extension Agreement, a Renewed Management Agreement, and a Subscription Agreement, all of which have significant implications for the company’s operations and strategic direction. The resolutions aim to streamline financial arrangements, extend loan terms, renew management agreements, and approve new share subscriptions, indicating a strategic restructuring that could affect the company’s market positioning and shareholder interests.

More about Shanghai Zendai Property Ltd.

Average Trading Volume: 11,532,553

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$148.8M

Find detailed analytics on 0755 stock on TipRanks’ Stock Analysis page.

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