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Guangzhou Baiyunshan’s GP Corp. Engages in Disclosable Transaction with Industrial Securities

Story Highlights
  • Guangzhou Baiyunshan’s GP Corp. disposes of accounts receivable to Industrial Securities.
  • Transaction is disclosable under Hong Kong’s Listing Rules, needing reporting but no shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Guangzhou Baiyunshan’s GP Corp. Engages in Disclosable Transaction with Industrial Securities

TipRanks Black Friday Sale

Guangzhou Baiyunshan Pharmaceutical Holdings Company ( (HK:0874) ) just unveiled an update.

Guangzhou Baiyunshan Pharmaceutical Holdings Company, through its subsidiary GP Corp., has entered into a transaction involving the disposal of accounts receivable to Industrial Securities Asset Management. This transaction, valued at RMB440,280,622.20, is part of a series of similar transactions conducted within a 12-month period. The aggregated transactions exceed a 5% threshold, making it a disclosable transaction under Hong Kong’s Listing Rules, subject to reporting and announcement requirements but exempt from shareholder approval.

The most recent analyst rating on (HK:0874) stock is a Buy with a HK$21.00 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: 1,236,951

Technical Sentiment Signal: Buy

Current Market Cap: HK$44.18B

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

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