tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Yueyun Transportation Wins Shareholder Approval for Key Operational and Rescue Service Caps to 2028

Story Highlights
  • Shareholders approved new annual caps for subcontracting arrangements through 2028, ensuring continuity of core operations.
  • The company renewed its rescue services master agreement with set caps to 2028, reinforcing key related-party transport support services.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yueyun Transportation Wins Shareholder Approval for Key Operational and Rescue Service Caps to 2028

Claim 70% Off TipRanks This Holiday Season

The latest update is out from Guangdong Yueyun Transportation Co., Ltd. Class H ( (HK:3399) ).

Guangdong Yueyun Transportation Company Limited announced that all resolutions proposed at its third extraordinary general meeting of 2025, held on 18 December in Guangzhou, were duly approved by poll. Shareholders endorsed new annual caps for transactions under existing subcontracting arrangements governed by the First Right of Operation Agreement, setting limits of RMB376.3 million, RMB425.7 million and RMB436.3 million for the financial years 2026 to 2028, respectively, and also approved the renewal of the Rescue Services Entrustment Master Agreement with Guangdong Provincial Communication Group Company Limited, with annual caps of RMB314.3 million, RMB316.1 million and RMB317.9 million for 2026 to 2028. The approvals secure continuity and defined financial parameters for Yueyun’s key related-party operational and rescue service arrangements, helping to underpin its core transport operations and regulatory compliance over the next three years.

The most recent analyst rating on (HK:3399) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Guangdong Yueyun Transportation Co., Ltd. Class H stock, see the HK:3399 Stock Forecast page.

More about Guangdong Yueyun Transportation Co., Ltd. Class H

Guangdong Yueyun Transportation Company Limited is a PRC-incorporated joint stock company listed in Hong Kong, operating in the transportation sector. The group is engaged in road transport and related services in Guangdong Province and cooperates closely with Guangdong Provincial Communication Group Company Limited for various operational arrangements, including subcontracted transport operations and rescue services along transport routes.

Average Trading Volume: 269,958

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.29B

See more data about 3399 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1