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UJU HOLDING LIMITED ( (HK:1948) ) has issued an update.
UJU Holding Limited has announced that its subsidiaries Hainan Uju Technology and Uju Interactive (Beijing) Technology have entered into a cooperation agreement with Baidu (China), which supplies online media resources for Baidu’s media platform. To support this arrangement, the parent company plans to sign a separate guarantee agreement in favour of Baidu (China), covering the payment obligations of both subsidiaries if they fail to meet their commitments under the cooperation deal.
The guarantee qualifies as a transaction involving obligations of wholly owned subsidiaries and is therefore exempt from the major transaction requirements under Hong Kong’s Listing Rules, with Baidu (China) confirmed as an independent third party. The move strengthens UJU’s commercial ties with a key online media platform while signalling the group’s willingness to back its subsidiaries’ contractual obligations, and the company indicated it will issue further announcements if required under applicable regulations.
More about UJU HOLDING LIMITED
UJU Holding Limited is a Cayman Islands-incorporated company listed in Hong Kong under stock code 1948. Through wholly owned subsidiaries Hainan Uju Technology and Uju Interactive (Beijing) Technology, the group operates in the technology and online media sector, engaging with major internet platforms such as Baidu for digital media and advertising-related services in mainland China.
Average Trading Volume: 98,734
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.57B
For a thorough assessment of 1948 stock, go to TipRanks’ Stock Analysis page.