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Jiu Rong Holdings to Discuss Strategic Share Disposal at Upcoming EGM

Story Highlights
  • Jiu Rong Holdings plans to sell 5.22% of its stake in Hangzhou East Software Park.
  • The transaction aims to optimize Jiu Rong’s investment portfolio and impact financial positioning.
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Jiu Rong Holdings to Discuss Strategic Share Disposal at Upcoming EGM

Confident Investing Starts Here:

Jiu Rong Holdings Limited ( (HK:2358) ) has issued an announcement.

Jiu Rong Holdings Limited has announced an extraordinary general meeting scheduled for June 13, 2025, to approve the disposal of approximately 5.22% of its shareholding in Hangzhou East Software Park Co., Ltd. The transaction, valued at RMB36,487,800, involves Jiu Rong’s subsidiary, Jiu Rong New Energy Science and Technology Limited, and Hangzhou Yihe Network Co., Ltd. This move is part of the company’s strategic decision to optimize its investment portfolio, potentially impacting its financial positioning and stakeholder interests.

More about Jiu Rong Holdings Limited

Jiu Rong Holdings Limited is a company incorporated in the Cayman Islands, with operations in Hong Kong. It is involved in the new energy sector through its subsidiary, Jiu Rong New Energy Science and Technology Limited.

YTD Price Performance: -33.33%

Average Trading Volume: 5,305,370

Technical Sentiment Signal: Sell

Current Market Cap: HK$54.72M

For a thorough assessment of 2358 stock, go to TipRanks’ Stock Analysis page.

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