Diwang Industrial Holdings Limited (HK:1950) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Diwang Industrial Holdings Limited has announced a three-year Sale Agreement between its subsidiary, Zhejiang Sunlight, and Hangzhou Sunlight for the supply of products with annual sales capped at less than HK$10 million. The transaction, deemed a continuing connected transaction due to shared ownership interests, is exempt from shareholder approval but will be subject to annual review under Hong Kong’s Listing Rules. This strategic move reflects the company’s adaptation to market demands and ongoing business relationships.
For further insights into HK:1950 stock, check out TipRanks’ Stock Analysis page.