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Onewo, Inc. Class H ( (HK:2602) ) has shared an announcement.
Onewo Inc., a company incorporated in the People’s Republic of China, has announced an equity transfer agreement in which its subsidiary, Onewo Business Enterprise Space Technology, will acquire a 55% equity interest in Shanghai Xiangda from Shanghai Vanke Investment. This transaction will result in Shanghai Xiangda becoming a wholly-owned subsidiary of Onewo, with its financial results consolidated into Onewo’s financial statements. The transaction is classified as a disclosable and connected transaction under Hong Kong’s Listing Rules, necessitating independent shareholder approval and a general meeting. China Vanke, the controlling shareholder, will abstain from voting due to its material interest in the transaction.
More about Onewo, Inc. Class H
YTD Price Performance: 12.96%
Average Trading Volume: 2,532,672
Technical Sentiment Signal: Sell
Current Market Cap: HK$27.06B
Find detailed analytics on 2602 stock on TipRanks’ Stock Analysis page.