Lisi Group Announces Major Transactions and Agreements

Lisi Group (Holdings) Limited (HK:0526) has released an update.

Lisi Group (Holdings) Limited has announced a major transaction involving the subscription of financial products worth up to RMB800 million from National Trust, and has entered into mutual supply and agency service agreements with its subsidiaries. These agreements classify as major and continuing connected transactions, subject to various reporting, approval, and announcement requirements. An Independent Board Committee and a financial adviser have been appointed to review these transactions, with a Special General Meeting planned for shareholder approval.

For further insights into HK:0526 stock, check out TipRanks’ Stock Analysis page.