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Guangdong Yueyun Transportation Co., Ltd. Class H ( (HK:3399) ) has shared an announcement.
Guangdong Yueyun Transportation Co., Ltd. has announced a discloseable transaction involving the sale of its 59.694% equity interest in its subsidiary, Shaoguan Yueyun, to Xiake Zhixing for RMB134,610,300. This transaction will result in Guangdong Yueyun ceasing to hold any equity interest in Shaoguan Yueyun, and its financial results will no longer be consolidated into the company’s financial statements. The transaction, which is subject to reporting and announcement requirements under Chapter 14 of the Listing Rules, reflects strategic business decisions impacting the company’s operational focus and financial consolidation.
The most recent analyst rating on (HK:3399) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Guangdong Yueyun Transportation Co., Ltd. Class H stock, see the HK:3399 Stock Forecast page.
More about Guangdong Yueyun Transportation Co., Ltd. Class H
Guangdong Yueyun Transportation Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the transportation industry, focusing on providing transportation services and related operations.
Average Trading Volume: 291,450
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.34B
Learn more about 3399 stock on TipRanks’ Stock Analysis page.