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Nanfang Communication Holdings Ltd. ( (HK:1617) ) just unveiled an update.
Nanfang Communication Holdings Limited has announced a significant transaction involving the sale of its class A preferred shares in a target company through its subsidiary, Pacific Smart. This transaction, valued at approximately US$25.18 million, represents a very substantial disposal under Hong Kong’s Listing Rules, requiring shareholder approval. The sale agreement, involving Dongshan Precision as a purchaser, is subject to certain conditions, and trading of Nanfang’s shares is set to resume following a temporary halt.
More about Nanfang Communication Holdings Ltd.
Average Trading Volume: 974,666
Technical Sentiment Signal: Hold
Current Market Cap: HK$195.1M
For a thorough assessment of 1617 stock, go to TipRanks’ Stock Analysis page.