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An update from Jiu Rong Holdings Limited ( (HK:2358) ) is now available.
Jiu Rong Holdings Limited has been engaged in a series of potential disposals involving one of its subsidiaries, governed by a letter of intent between a buyer and seller that included an advance payment arrangement.
The company announced that the extended deadline under the letter of intent expired on 31 December 2025, and the buyer has decided not to grant any further extension. The parties are now negotiating how to handle the advance payment of RMB205 million, including the possibility of acquiring only part of the assets, with a final proposal expected within about three months. The company indicated it will issue further updates in line with listing requirements and cautioned shareholders and potential investors to exercise care when trading its shares amid the ongoing uncertainty over the potential disposals and treatment of the advance funds.
More about Jiu Rong Holdings Limited
Average Trading Volume: 38,226,833
Technical Sentiment Signal: Sell
Current Market Cap: HK$60.19M
For detailed information about 2358 stock, go to TipRanks’ Stock Analysis page.