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Jiande International Acquires Subsidiary Stake

Jiande International Acquires Subsidiary Stake

Jiande International Holdings Ltd. (HK:0865) has released an update.

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Jiande International Holdings Ltd. has announced the acquisition of a 20% equity interest in a subsidiary, which will be compensated by the early repayment of a shareholder’s loan valued at approximately HK$25.38 million. This transaction is classified as both a discloseable and connected transaction under the Listing Rules, but it is exempt from certain requirements like shareholder approval due to its compliance with normal commercial terms and the Board’s approval.

For further insights into HK:0865 stock, check out TipRanks’ Stock Analysis page.

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