Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Yues International Holdings Group Limited ( (HK:1529) ) just unveiled an update.
Yues International Holdings Group Limited has agreed, through its indirect wholly owned unit Hangzhou Yaoshi Zhetong E-commerce Co., Ltd., to acquire 100% of Hangzhou Yihang Logistics Co., Ltd. from an independent vendor for RMB10,000, with the seller assuming all liabilities arising before completion. The low consideration reflects the target’s negative audited book value offset by a positive appraised equity value and the perceived strategic value of its customer resources, licences and business prospects.
Concurrently, the board has approved a change in the use of approximately HK$15.26 million in unutilised proceeds from a prior rights issue, originally earmarked solely for a goat milk product project in Inner Mongolia. Those funds will now be redeployed more broadly across the group’s big health businesses, including traditional Chinese medicine, goat milk and other health-related products, signalling a shift toward a more diversified health portfolio and logistics-enabled growth strategy.
More about Yues International Holdings Group Limited
Yues International Holdings Group Limited, listed on the Hong Kong Stock Exchange, operates in the broader big health sector, with businesses spanning goat milk products, traditional Chinese medicine and other health-related offerings. The group has also been developing an e-commerce and logistics footprint in mainland China to support distribution of its health products and related services.
Average Trading Volume: 182,333
Technical Sentiment Signal: Sell
Current Market Cap: HK$300.2M
Learn more about 1529 stock on TipRanks’ Stock Analysis page.