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Wise Living Technology Co., Ltd Class H ( (HK:2481) ) just unveiled an announcement.
Wise Living Technology Co., Ltd has entered into a Capital Increase Agreement with Shuangliang Strategic, resulting in a deemed disposal of a subsidiary. This agreement will see Shuangliang Strategic invest RMB4,000,000 into Shuangliang Ruineng, increasing its registered capital from RMB6,000,000 to RMB10,000,000. Consequently, Wise Living Technology’s equity interest in Shuangliang Ruineng will decrease from 100% to 60%, while Shuangliang Strategic’s interest will rise to 40%. This transaction, categorized as a connected transaction under the Listing Rules, highlights Wise Living Technology’s strategic move to optimize its capital structure and enhance its market positioning.
More about Wise Living Technology Co., Ltd Class H
Wise Living Technology Co., Ltd is a joint stock limited liability company incorporated in the People’s Republic of China, operating in the technology sector. The company focuses on innovative technology solutions and services, with a market focus that includes strategic partnerships and capital investments.
Average Trading Volume: 16,275
Technical Sentiment Signal: Sell
Current Market Cap: HK$766.1M
Find detailed analytics on 2481 stock on TipRanks’ Stock Analysis page.