Guangdong Yueyun Transportation Co., Ltd. Class H (HK:3399) has released an update.
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Guangdong Yueyun Transportation Co., Ltd. has announced the sale of a 51% equity stake in Yueyun Langri to Yangjiang Investment for RMB99,612,282. This transaction is classified as discloseable under Chapter 14 of the Listing Rules, meaning it requires reporting and announcement, but not shareholder approval. The deal, based on arm’s length negotiations and asset valuation, is set to proceed through a structured payment agreement with Guangdong United Assets and Equity Exchange.
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