Puxing Energy Ltd. (HK:0090) has released an update.
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Puxing Energy Ltd. has entered into an agreement to sell 51% of its equity interest in a subsidiary for RMB142,720,000, marking a significant shift in its business structure. This transaction, involving a major shareholder and listed on the Shenzhen Stock Exchange, requires shareholder approval and compliance with Hong Kong’s listing rules. Investors are advised to stay informed as this disposal could impact the company’s market position.
For further insights into HK:0090 stock, check out TipRanks’ Stock Analysis page.