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Putian Communication Group Sells Majority Stake in Subsidiary Amid Compliance Breach

Story Highlights
  • Putian Communication Group sold 51% of a subsidiary to realize investment and retain potential benefits.
  • The company plans compliance training after a breach of listing rules due to administrative oversight.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Putian Communication Group Sells Majority Stake in Subsidiary Amid Compliance Breach

Confident Investing Starts Here:

Putian Communication Group Limited ( (HK:1720) ) has issued an announcement.

Putian Communication Group Limited announced the disposal of a 51% equity interest in a subsidiary, aiming to realize part of its investment while retaining potential benefits if the purchaser improves the subsidiary’s operations. The company acknowledged a breach of listing rules due to administrative oversight and has proposed remedial measures, including training sessions to enhance compliance awareness among its employees.

More about Putian Communication Group Limited

Putian Communication Group Limited is a company incorporated in the Cayman Islands, operating within the communication industry. The company, along with its subsidiaries, focuses on providing communication-related products and services.

Average Trading Volume: 801,647

Technical Sentiment Signal: Buy

Current Market Cap: HK$108.9M

For an in-depth examination of 1720 stock, go to TipRanks’ Stock Analysis page.

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