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An update from Zhuguang Holdings Group Co., Ltd. ( (HK:1176) ) is now available.
Zhuguang Holdings Group Co., Ltd. announced an update regarding its ongoing discussions related to a memorandum of understanding for proposed transactions. The company has entered into a supplemental memorandum of understanding with the Vendor Group and the Target Company, expressing a non-binding intention to finalize a sale and purchase agreement by the end of 2025. However, the transactions are not yet legally binding and may not proceed as planned. The company advises shareholders and potential investors to exercise caution, as trading in its shares remains suspended pending the publication of its annual results for the year ended December 2024.
More about Zhuguang Holdings Group Co., Ltd.
Zhuguang Holdings Group Co., Ltd. is a company incorporated in Bermuda with limited liability, focusing on real estate development and investment. The company operates through its subsidiaries and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -26.67%
Average Trading Volume: 3,971,740
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$584.1M
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