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Ever Reach Group Holdings Announces Connected Financial Transaction

Story Highlights
  • Ever Reach Group is engaged in financial assistance transactions at the subsidiary level.
  • The agreements are deemed fair and in the company’s interests, exempt from certain rules.
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Ever Reach Group Holdings Announces Connected Financial Transaction

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The latest update is out from Ever Reach Group Holdings Co., Ltd. ( (HK:3616) ).

Ever Reach Group Holdings Co., Ltd. announced a connected transaction involving financial assistance, with agreements relating to a subsidiary-level connected person. Key agreements include a Supplemental Collaboration Agreement, a 2025 Equity Pledge Agreement, and a Guarantee Agreement, which extend repayment and pledge terms while ensuring compliance with listing rules. The agreements have been deemed fair and reasonable by independent directors, and they serve the interests of the company and its shareholders, exempt from certain regulatory requirements.

More about Ever Reach Group Holdings Co., Ltd.

Ever Reach Group Holdings Co., Ltd. operates within the finance industry and is involved in financial transactions, focusing on capital injection, equity pledge, and guarantee agreements.

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$312M

See more insights into 3616 stock on TipRanks’ Stock Analysis page.

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