Jiayuan Services Reveals Major Transactions and Guarantees

Jiayuan Services Holdings Limited (HK:1153) has released an update.

Jiayuan Services Holdings Limited has disclosed involvement in major and connected transactions where unauthorized guarantees were provided to its then ultimate controlling shareholder. These guarantees relate to an equity transfer agreement involving the acquisition of Hefei Hongguo by Chaohu Xutong for RMB123 million. This disclosure is part of the company’s effort to re-comply with Hong Kong’s Listing Rules, highlighting significant financial obligations and shareholder considerations.

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