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An update from Zhuguang Holdings Group Co., Ltd. ( (HK:1176) ) is now available.
Zhuguang Holdings Group Co., Ltd. announced the disposal of a 29.50% equity interest in Silver Grant International Holdings Group Limited for HK$81,586,802.64. This transaction, which will be settled by offsetting against a loan, will result in Zhuguang Holdings ceasing to have any equity interest in the target company. The disposal is classified as a discloseable and connected transaction under the Hong Kong Listing Rules, requiring independent shareholder approval. The transaction involves key company executives who have abstained from voting due to their interests, and an independent board committee has been formed to advise shareholders.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
More about Zhuguang Holdings Group Co., Ltd.
Zhuguang Holdings Group Co., Ltd. is a company incorporated in Bermuda with limited liability and is listed on the Hong Kong Stock Exchange under stock code 1176. The company is involved in various business activities, although the specific industry and primary products or services are not detailed in the announcement.
Average Trading Volume: 2,025,540
Technical Sentiment Signal: Sell
Current Market Cap: HK$513.3M
For detailed information about 1176 stock, go to TipRanks’ Stock Analysis page.