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The latest announcement is out from Shanghai Chicmax Cosmetics Co., Ltd. Class H ( (HK:2145) ).
Shanghai Chicmax Cosmetics Co., Ltd. has announced the formation of a joint venture with several parties, including Ms. Song Yang and Shanghai Qingdao, with a total registered capital of RMB10,000,000. The company will hold a 51% stake in the venture, which aims to expand its market presence in the cosmetics industry. This transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval.
More about Shanghai Chicmax Cosmetics Co., Ltd. Class H
Shanghai Chicmax Cosmetics Co., Ltd. is a company based in the People’s Republic of China, specializing in the sales of cosmetics, skin care, and skin cleansing products.
YTD Price Performance: 49.35%
Average Trading Volume: 1,772,130
Technical Sentiment Signal: Sell
Current Market Cap: HK$22.48B
See more insights into 2145 stock on TipRanks’ Stock Analysis page.