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Zhongmiao Holdings (Qingdao) Co., Ltd. Class H ( (HK:1471) ) has issued an update.
Zhongmiao Holdings (Qingdao) Co., Ltd., a joint stock company in China, has announced a major transaction involving the acquisition of a 55% equity interest in a target company for RMB165 million. This acquisition will result in the target company becoming a non-wholly owned subsidiary, with its financials consolidated into Zhongmiao Holdings’ statements. The transaction, classified as a major one under Hong Kong’s Listing Rules, has received the necessary shareholder approval, bypassing the need for a general meeting.
More about Zhongmiao Holdings (Qingdao) Co., Ltd. Class H
Average Trading Volume: 14,083
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.92B
Learn more about 1471 stock on TipRanks’ Stock Analysis page.