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EDA Group Holdings Limited ( (HK:2505) ) just unveiled an update.
EDA Group Holdings Limited has announced a significant transaction involving its subsidiaries. Beijing Li Qian, a joint venture company, will acquire a 51.16% equity interest in one of EDA’s indirect wholly-owned subsidiaries, referred to as the Target Company, through a capital injection of RMB83,800,000. This transaction will reduce EDA’s equity interest in the Target Company from 100% to 48.84%, resulting in a deemed disposal under the Listing Rules. The move is considered a discloseable transaction, requiring an announcement but not shareholder approval, and it reflects strategic financial adjustments within the company.
More about EDA Group Holdings Limited
YTD Price Performance: 2.95%
Average Trading Volume: 873,245
Technical Sentiment Signal: Strong Buy
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