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Guangzhou Baiyunshan’s GP Corp. Disposes Accounts Receivable in Disclosable Transaction

Story Highlights
  • Guangzhou Baiyunshan’s GP Corp. disposes accounts receivable worth RMB401 million.
  • The transaction is disclosable under Hong Kong Stock Exchange rules, needing reporting but not shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Guangzhou Baiyunshan’s GP Corp. Disposes Accounts Receivable in Disclosable Transaction

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Guangzhou Baiyunshan Pharmaceutical Holdings Company ( (HK:0874) ) has shared an announcement.

Guangzhou Baiyunshan Pharmaceutical Holdings Company, through its subsidiary GP Corp., has entered into a Completion Confirmation Letter with Industrial Securities Asset Management to dispose of accounts receivable valued at RMB401,493,434.77. This transaction, part of a series of similar transactions within a 12-month period, is considered a disclosable transaction under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcement but not shareholder approval.

The most recent analyst rating on (HK:0874) stock is a Hold with a HK$25.40 price target. To see the full list of analyst forecasts on Guangzhou Baiyunshan Pharmaceutical Holdings Company stock, see the HK:0874 Stock Forecast page.

More about Guangzhou Baiyunshan Pharmaceutical Holdings Company

Average Trading Volume: 1,401,444

Technical Sentiment Signal: Sell

Current Market Cap: HK$44.95B

See more data about 0874 stock on TipRanks’ Stock Analysis page.

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