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Welife Technology Addresses Non-Compliance in Recent Acquisition

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Welife Technology Addresses Non-Compliance in Recent Acquisition

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Welife Technology Limited ( (HK:1703) ) has issued an announcement.

Welife Technology Limited, through its subsidiary Shining Proud Limited, has acquired the entire issued share capital of two target companies for HK$5,621,000. However, the company failed to comply with the notification and announcement requirements under the Hong Kong Stock Exchange’s Listing Rules due to an oversight. The company has acknowledged this non-compliance and has taken remedial actions, including enhancing compliance training and revising internal control systems, to prevent future occurrences.

More about Welife Technology Limited

Average Trading Volume: 5,302,424

Technical Sentiment Signal: Buy

Current Market Cap: HK$89.7M

See more data about 1703 stock on TipRanks’ Stock Analysis page.

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