Yues International Holdings Group Limited (HK:1529) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Yues International Holdings Group Limited is set to divest its 60% equity interest in a subsidiary for RMB1, resulting in the subsidiary’s exclusion from its consolidated financial statements. Additionally, the company will transfer a shareholder’s loan of RMB7,500,000 to another purchaser for RMB7,000,000. These transactions, categorized as major and connected, are pending shareholder approval and mark a significant shift in the company’s financial structure.
For further insights into HK:1529 stock, check out TipRanks’ Stock Analysis page.