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Enviro Energy International Holdings Limited ( (HK:1102) ) has shared an announcement.
Enviro Energy International Holdings Limited, a company incorporated in the Cayman Islands, announced a major transaction involving the acquisition of 60% of the issued share capital of a target company. This acquisition will be financed through the issuance of 1,360,000,000 consideration shares, which will significantly increase the company’s share capital. The acquisition will result in the target company becoming a subsidiary of Enviro Energy, with its financial results consolidated into Enviro Energy’s financial statements. This move is considered a major and connected transaction under Hong Kong’s Listing Rules, requiring shareholder approval and compliance with specific regulatory requirements.
More about Enviro Energy International Holdings Limited
Average Trading Volume: 1,679,362
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$71.97M
For detailed information about 1102 stock, go to TipRanks’ Stock Analysis page.