Feiyang International Holdings Group Limited (HK:1901) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Feiyang International Holdings Group Limited has entered into a major transaction to sell its 60% stake in a subsidiary to Ningbo Zhenhang for RMB22,680,000. This transaction, classified as a connected transaction under Hong Kong’s Listing Rules, involves Ningbo Zhenhang, a substantial shareholder of the subsidiary. The deal, which has been approved by Feiyang’s board, is deemed fair and beneficial for the company and its shareholders.
For further insights into HK:1901 stock, check out TipRanks’ Stock Analysis page.