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Sunfonda Group Holdings Ltd. ( (HK:1771) ) has shared an update.
Sunfonda Group Holdings Ltd., a company incorporated in the Cayman Islands, has announced a major transaction involving the disposal of a subsidiary. The company has entered into an Equity Transfer Agreement with an independent third party to sell all equity interests in a target company for RMB 81.92 million. This transaction will result in the target company’s financial results no longer being consolidated into Sunfonda’s financial statements. The disposal is classified as a major transaction under the Hong Kong Listing Rules, requiring shareholder approval, which has been obtained from the controlling shareholder, Top Wheel. Consequently, no general meeting will be convened for this purpose.
More about Sunfonda Group Holdings Ltd.
YTD Price Performance: 9.62%
Average Trading Volume: 89,400
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$171M
For an in-depth examination of 1771 stock, go to TipRanks’ Stock Analysis page.