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Zhongmiao Holdings (Qingdao) Co., Ltd. Class H ( (HK:1471) ) just unveiled an update.
Zhongmiao Holdings (Qingdao) Co., Ltd. has entered into a Financial Services Framework Agreement with Haier Finance Company, a subsidiary of Haier Group, which holds a controlling interest in Zhongmiao Holdings. This agreement involves major and discloseable transactions under the Hong Kong Listing Rules, including deposit and other financial services, which require shareholder approval. The transactions are classified as continuing connected transactions, necessitating reporting and independent shareholder approval. An AGM will be convened to consider these matters, with Haier Group abstaining from voting.
More about Zhongmiao Holdings (Qingdao) Co., Ltd. Class H
YTD Price Performance: 23.13%
Average Trading Volume: 19,556
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.95B
For a thorough assessment of 1471 stock, go to TipRanks’ Stock Analysis page.