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An update from Shanghai Realway Capital Assets Management Co., Ltd. Class H ( (HK:1835) ) is now available.
Shanghai Realway Capital Assets Management Co., Ltd. announced that its indirect subsidiary, Yuanhui Qichuang, has entered into a Consulting Management Services Framework Agreement with Xinhe Credit. This agreement involves Yuanhui Qichuang providing consulting management services for Xinhe Credit’s distressed personal loan assets, including strategy formulation, inventory checks, and legal consultations. The transaction is considered a continuing connected transaction under Hong Kong’s Listing Rules, requiring annual review and reporting but exempt from shareholder approval. The Board has approved the agreement, deeming it fair and in the company’s and shareholders’ best interests.
The most recent analyst rating on (HK:1835) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Shanghai Realway Capital Assets Management Co., Ltd. Class H stock, see the HK:1835 Stock Forecast page.
More about Shanghai Realway Capital Assets Management Co., Ltd. Class H
Shanghai Realway Capital Assets Management Co., Ltd. operates in the financial services industry, focusing on asset management. The company is involved in providing consulting management services, particularly in the area of distressed assets and personal loans.
Average Trading Volume: 6,800
Technical Sentiment Signal: Hold
Current Market Cap: HK$309.7M
See more data about 1835 stock on TipRanks’ Stock Analysis page.