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Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has shared an update.
Beijing SinoHytec Co., Ltd. has announced a proposed revision of annual caps under its Sale of Goods Agreement through a Second Sale of Goods Supplemental Agreement. This revision is part of the company’s ongoing connected transactions involving SinoHytec Hydrogen Energy, a subsidiary in which it holds a significant stake. The revision requires compliance with Chapter 14A of the Listing Rules, including independent shareholder approval due to the applicable percentage ratios exceeding 5%. An Independent Board Committee and an Independent Financial Adviser have been appointed to guide the shareholders through the approval process, with a circular detailing the agreement and related transactions to be dispatched before the upcoming Extraordinary General Meeting.
More about Beijing SinoHytec Co., Ltd. Class H
Average Trading Volume: 2,758,099
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.25B
For detailed information about 2402 stock, go to TipRanks’ Stock Analysis page.