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XJ International Secures Interests in Equity Disposal with Pledge Agreement

Story Highlights
  • XJ International announced a supplemental agreement for disposing of 60% equity interest.
  • The agreement includes an equity pledge to protect XJ International’s interests.
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XJ International Secures Interests in Equity Disposal with Pledge Agreement

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Hope Education Group Co., Ltd. ( (HK:1765) ) just unveiled an announcement.

XJ International Holdings Co., Ltd. has announced a supplemental agreement regarding the disposal of a 60% equity interest in a target company. The agreement includes an equity pledge to safeguard XJ International’s interests, with the purchaser pledging the equity interest as security. The company has also performed a credit risk assessment to ensure the purchaser’s financial capability to fulfill payment obligations. This move is seen as a protective measure for XJ International, allowing them to reclaim the equity interest if the purchaser defaults.

More about Hope Education Group Co., Ltd.

Average Trading Volume: 2,500

Technical Sentiment Signal: Strong Buy

Current Market Cap: €128.4M

For detailed information about 1765 stock, go to TipRanks’ Stock Analysis page.

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