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Sino-Ocean Service Holding Ltd. ( (HK:6677) ) has shared an update.
Sino-Ocean Service Holding Ltd. has entered into a Framework Agreement with its controlling shareholder, Sino-Ocean Group Company, to return 2,684 parking spaces in the PRC, previously transferred under an original assets transfer agreement. This transaction, which involves the cancellation of the original asset transfer and settlement of the purchase price through a guaranteed loan, is classified as a major and connected transaction under Hong Kong’s listing rules, requiring independent shareholder approval. The move is expected to realign the company’s asset management strategy and has implications for its financial structuring and stakeholder interests.
More about Sino-Ocean Service Holding Ltd.
Sino-Ocean Service Holding Ltd. is a company incorporated in the Cayman Islands, primarily engaged in property management and related services. The company operates within the real estate sector, focusing on providing comprehensive property management solutions.
Average Trading Volume: 493,391
Technical Sentiment Signal: Buy
Current Market Cap: HK$793.3M
Find detailed analytics on 6677 stock on TipRanks’ Stock Analysis page.