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Lianhua Supermarket Holdings Co ( (HK:0980) ) has issued an announcement.
Lianhua Supermarket Holdings Co has announced a significant transaction involving the disposal of its entire equity interest in its subsidiary, Yangpu Century Lianhua. This transaction, valued at approximately RMB78.2860 million, will result in Yangpu Century Lianhua ceasing to be a subsidiary of the company. Additionally, Lianhua intends to enter into an Entrustment Management Agreement with Shanghai Dongran to provide operating management and resource support services to Yangpu Century Lianhua for three years. These transactions are subject to the reporting, announcement, and Independent Shareholders’ approval requirements under the Listing Rules due to their nature as connected transactions.
The most recent analyst rating on (HK:0980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Lianhua Supermarket Holdings Co stock, see the HK:0980 Stock Forecast page.
More about Lianhua Supermarket Holdings Co
Average Trading Volume: 251,247
Technical Sentiment Signal: Sell
Current Market Cap: HK$540.1M
See more data about 0980 stock on TipRanks’ Stock Analysis page.