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Dynasty Fine Wines Group Limited ( (HK:0828) ) has provided an update.
Dynasty Fine Wines Group Limited announced a compensatory surrender transaction involving its subsidiary, Dynasty Winery, and Tianjin Yiyang. The transaction involves surrendering equipment for compensation of approximately RMB52.7 million. This transaction is classified as both a discloseable and connected transaction under Hong Kong’s Listing Rules, necessitating independent shareholder approval and adherence to specific reporting requirements. The deal reflects strategic asset management and compliance with regulatory frameworks, potentially impacting the company’s financial positioning and stakeholder interests.
More about Dynasty Fine Wines Group Limited
Dynasty Fine Wines Group Limited operates in the wine industry, primarily focusing on the production and distribution of fine wines. The company is involved in a Sino-French joint venture, Dynasty Winery Ltd., which is a wholly-owned subsidiary.
Average Trading Volume: 601,821
Technical Sentiment Signal: Hold
Current Market Cap: HK$478.9M
See more data about 0828 stock on TipRanks’ Stock Analysis page.