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An announcement from Trendzon Holdings Group Limited ( (HK:1865) ) is now available.
Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has entered into a Capital Injection Agreement through its indirect wholly-owned subsidiary to acquire a 51% stake in a target company for RMB40,000,000 (approximately HK$43,200,000). This acquisition will allow Pengo Holdings to consolidate the target company and its project company into its financial statements as indirect non-wholly owned subsidiaries. The transaction is considered a discloseable transaction under the Hong Kong Listing Rules, requiring reporting and announcement but not shareholder approval.
More about Trendzon Holdings Group Limited
Average Trading Volume: 8,998,151
Technical Sentiment Signal: Sell
Current Market Cap: HK$239.4M
Find detailed analytics on 1865 stock on TipRanks’ Stock Analysis page.