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Guan Chao Holdings Limited ( (HK:1872) ) just unveiled an announcement.
Guan Chao Holdings Limited has entered into a Framework Agreement with CarNow, appointing them as a non-exclusive dealer for the procurement of pre-owned motor vehicles. This transaction, due to its connected nature involving family members of the company’s executive director, requires independent shareholders’ approval as it surpasses certain financial thresholds under the Listing Rules.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is involved in the automotive industry, focusing on the procurement and sales of pre-owned motor vehicles.
YTD Price Performance: 77.48%
Average Trading Volume: 3,209,036
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.11B
Learn more about 1872 stock on TipRanks’ Stock Analysis page.