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Wang On Group Limited ( (HK:1222) ) has shared an update.
Wang On Group Limited and China Agri-Products Exchange Limited announced a significant transaction involving the disposal of their equity interests in a non-wholly owned subsidiary. Century Choice, a subsidiary, has entered into a Capital Reduction Agreement with Yulin Investment and the Target Company, reducing its equity stake from 51% to nil for approximately RMB24.69 million. This transaction is classified as a discloseable transaction under the Listing Rules, impacting the company’s financial structure and strategic positioning.
More about Wang On Group Limited
Wang On Group Limited is a diversified company involved in various sectors, including property development and investment, management and sub-licensing of Chinese wet markets, and the manufacturing and retailing of pharmaceutical and health products. The company operates primarily in Hong Kong and Mainland China.
YTD Price Performance: 4.76%
Average Trading Volume: 4,950,159
Technical Sentiment Signal: Sell
Current Market Cap: HK$273.9M
See more insights into 1222 stock on TipRanks’ Stock Analysis page.