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Renrui Boosts Stake in Key Subsidiaries with New Acquisitions

Renrui Boosts Stake in Key Subsidiaries with New Acquisitions

Renrui Human Resources Technology Holdings Limited (HK:6919) has released an update.

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Renrui Human Resources Technology Holdings Limited is set to increase its equity stake in two subsidiaries, Lingshi Yuntian and Shanghai Lingshi, from 59% to 90% with recent acquisitions. This strategic move involves transactions valued at RMB6,500,000 and RMB1,250,000 for equity interests from Qihang Yuntian and Jiangnan Finance. These acquisitions are categorized as discloseable transactions under Hong Kong’s Listing Rules, requiring reporting but not shareholders’ approval.

For further insights into HK:6919 stock, check out TipRanks’ Stock Analysis page.

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