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An announcement from Tian Yuan Group Holdings Ltd. ( (HK:6119) ) is now available.
Tian Yuan Group Holdings Ltd. announced a discloseable transaction involving the disposal of its equity interest in a joint venture company. The company has agreed to sell its 6.37% stake to H-Xin for HK$19,000,000. Upon completion, Tian Yuan will no longer hold any equity interest in the joint venture. This transaction, which exceeds a 5% but is less than 25% applicable percentage ratio, is subject to notification and announcement requirements under Hong Kong’s Listing Rules. The completion is expected by 30 June 2025, following the fulfillment of specified conditions.
More about Tian Yuan Group Holdings Ltd.
YTD Price Performance: -21.05%
Average Trading Volume: 84,620
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$180M
For a thorough assessment of 6119 stock, go to TipRanks’ Stock Analysis page.