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

Story Highlights
  • Guangzhou Baiyunshan’s GP Corp. disposes accounts receivable worth RMB501.96 million.
  • The transaction is part of a series requiring reporting under Hong Kong Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Guangzhou Baiyunshan’s GP Corp. Disposes Accounts Receivable in Strategic Transaction

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The latest announcement is out from Guangzhou Baiyunshan Pharmaceutical Holdings Company ( (HK:0874) ).

Guangzhou Baiyunshan Pharmaceutical Holdings Company has announced a disclosable transaction involving the disposal of accounts receivable by its subsidiary, GP Corp., to Industrial Securities Asset Management. This transaction, valued at approximately RMB501.96 million, is part of a series of similar transactions conducted within a 12-month period. The aggregate of these transactions exceeds a 5% but remains below a 25% threshold, thus requiring reporting and announcement under the Hong Kong Listing Rules, though it is exempt from shareholder approval. This move reflects the company’s strategic financial management and asset optimization efforts.

The most recent analyst rating on (HK:0874) stock is a Buy with a HK$21.50 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: 1,805,065

Technical Sentiment Signal: Buy

Current Market Cap: HK$46.22B

For an in-depth examination of 0874 stock, go to TipRanks’ Overview page.

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