Guangdong Yueyun Transportation Co., Ltd. Class H (HK:3399) has released an update.
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Guangdong Yueyun Transportation Co. has announced the conditional sale of a 51% stake in Yueyun Langri to Yangjiang Investment for approximately RMB99.6 million. This transaction was based on an appraised valuation of Yueyun Langri’s equity, highlighting a strategic move for the company in the transportation sector. Investors are advised to note the company’s valuation approach and assumptions in this significant equity disposal.
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