Glorious Sun Enterprises Limited (HK:0393) has released an update.
Glorious Sun Enterprises Limited has announced a connected transaction, with its indirect wholly-owned subsidiary, Smart Empire, providing consulting services to Glory Star for HK$6,000,000. The deal, which involves the production of six research reports on financial investments, falls under certain reporting and announcement requirements without needing shareholder approval. The company views this agreement as a strategic move in line with its business operations, aiming to generate reasonable income.
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