Guangdong Yueyun Transportation Co., Ltd. Class H (HK:3399) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into HK:3399 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue