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Jiu Rong Holdings Limited ( (HK:2358) ) has issued an update.
Jiu Rong Holdings Limited, a company incorporated in the Cayman Islands, has announced an extension of the deadline for entering into a sale and purchase agreement concerning the potential disposal of a subsidiary. This extension, agreed upon by both the buyer and seller, moves the deadline to December 31, 2025, allowing more time to finalize transaction details. The company believes this extension is in the best interest of its shareholders as it could enable the reallocation of resources and reduction of the group’s gearing, potentially leading to a very substantial disposal under Chapter 14 of the Listing Rules.
More about Jiu Rong Holdings Limited
YTD Price Performance: -33.33%
Average Trading Volume: 3,194,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$54.72M
See more insights into 2358 stock on TipRanks’ Stock Analysis page.