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Energy International Investments Holdings Ltd ( (HK:0353) ) has provided an update.
Energy International Investments Holdings Ltd has entered into new structured contracts to transfer 70% equity interest in its operating company (Opco) to a corporate shareholder, Shenzhen Luheneng, with the consent of the wholly foreign-owned enterprise (Wfoe). This move, which maintains the economic benefits and accounting method for the Opco Group, is part of the company’s strategy to navigate foreign investment restrictions in the PRC’s telecommunications sector without adversely impacting its operations or financial position.
More about Energy International Investments Holdings Ltd
Energy International Investments Holdings Ltd operates in the value-added telecommunications services industry, focusing on managing and controlling financial and operating policies through contractual arrangements due to foreign investment restrictions in the PRC.
Average Trading Volume: 1,171,304
Technical Sentiment Signal: Sell
Current Market Cap: HK$362M
For detailed information about 0353 stock, go to TipRanks’ Stock Analysis page.