Jiande International Holdings Ltd. (HK:0865) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.