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Feiyang International Holdings Group Limited ( (HK:1901) ) has provided an announcement.
Feiyang International Holdings Group Limited announced a clarification regarding the non-fulfillment of a profit guarantee linked to the disposal of a subsidiary. The company disclosed that Ningbo Zhenhang, the entity responsible for meeting the profit shortfall, failed to settle required amounts post-June 2023, impacting the financial commitments under the original transaction agreement.
More about Feiyang International Holdings Group Limited
Feiyang International Holdings Group Limited is incorporated in the Cayman Islands and operates within the financial sector, focusing on transactions involving subsidiaries.
YTD Price Performance: 5.71%
Average Trading Volume: 387,954
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$58.24M
Learn more about 1901 stock on TipRanks’ Stock Analysis page.