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Redsun Services Group Ltd ( (HK:1971) ) has issued an update.
Redsun Services Group Limited has announced a significant acquisition involving parking spaces and equity interests in target companies. This transaction, valued at over RMB230.92 million for parking spaces and RMB257.69 million for equity interests, marks a strategic expansion of the company’s asset portfolio. The acquisitions are categorized as very substantial and connected transactions under Hong Kong’s Listing Rules, necessitating shareholder approval. Upon completion, the financial results of the acquired entities will be consolidated into Redsun’s financial statements, potentially enhancing its market positioning and operational capabilities.
More about Redsun Services Group Ltd
YTD Price Performance: 7.14%
Average Trading Volume: 41,578
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$186.7M
For an in-depth examination of 1971 stock, go to TipRanks’ Stock Analysis page.