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Puxing Energy Approves Major Disposal and Equity Transfer

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Puxing Energy Approves Major Disposal and Equity Transfer

Confident Investing Starts Here:

An announcement from Puxing Energy Ltd. ( (HK:0090) ) is now available.

Puxing Energy Limited held an Extraordinary General Meeting (EGM) on February 17, 2025, where a significant resolution regarding the Disposal and Equity Transfer Agreement was approved. The resolution received overwhelming support with 99.77% of the votes in favor. Although Puxing International, the controlling shareholder, abstained from voting, independent shareholders facilitated the resolution’s passage. This decision is expected to impact the company’s operational strategies and stakeholder interests, reflecting a strategic shift in its business dealings.

More about Puxing Energy Ltd.

YTD Price Performance: 16.07%

Average Trading Volume: 207,238

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$298.1M

For detailed information about 0090 stock, go to TipRanks’ Stock Analysis page.

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