Lushang Life Services Co., Ltd. Class H ( (HK:2376) ) has provided an update.
Lushang Life Services Co., Ltd., a joint stock company incorporated in China, has announced a capital increase agreement with an investor and a target company. This transaction involves the investor injecting RMB36,320,000 into the target company, resulting in the investor holding a 51% equity interest and the company holding 49%. Consequently, the target company will no longer be a subsidiary and will be accounted for as an associate, impacting the company’s financial consolidation. The transaction is classified as a disclosable and connected transaction under Hong Kong’s Listing Rules, requiring notification and approval from independent shareholders.
More about Lushang Life Services Co., Ltd. Class H
YTD Price Performance: 21.05%
Average Trading Volume: 25,151
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$184M
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