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Minshang Creative Technology Holdings Limited ( (HK:1632) ) just unveiled an update.
Minshang Creative Technology Holdings Limited announced that it will consolidate the financial results of Minshang Zhihui, following changes in its board composition that allow the company to exercise majority control. This consolidation will enable Minshang Zhihui to become a non-wholly-owned subsidiary, impacting the company’s financial reporting from the fiscal year ending March 2026. Additionally, the consolidation will result in certain historical transactions between Minshang Zhihui and Minsheng E-Commerce Group becoming connected transactions, requiring compliance with Hong Kong’s Listing Rules for disclosure and annual review.
More about Minshang Creative Technology Holdings Limited
Minshang Creative Technology Holdings Limited is a company incorporated in the Cayman Islands, focusing on technology-driven solutions. Its primary services include e-commerce operations, with a significant market focus on integrating technology with commerce.
Average Trading Volume: 53,454
Technical Sentiment Signal: Sell
Current Market Cap: HK$190.7M
See more data about 1632 stock on TipRanks’ Stock Analysis page.