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Zuoli Kechuang Announces Connected Acquisition of Minority Stake in Micro-Finance Subsidiary

Story Highlights
  • Zuoli Kechuang’s controlling shareholder will buy a 0.2443% stake in its key micro-finance subsidiary.
  • The board expects no material adverse impact from the connected equity purchase on operations or prospects.
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Zuoli Kechuang Announces Connected Acquisition of Minority Stake in Micro-Finance Subsidiary

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The latest announcement is out from Zuoli Kechuang Micro-finance Co. Ltd. Class H ( (HK:6866) ).

Zuoli Kechuang Company Limited disclosed that its controlling shareholder, Deqing Puhua Energy Company Limited, has agreed to acquire a 0.2443% equity stake in Deqing Jinhui Micro-finance Company Limited from minority shareholder Shen Weiwen for RMB2.55 million. Following the transaction, which involves a connected person but does not change Zuoli Kechuang’s 99.7557% holding in Jinhui Micro-finance, the board does not expect any material adverse impact on the group’s operations or future prospects, while advising shareholders and potential investors to exercise caution when trading the company’s shares.

More about Zuoli Kechuang Micro-finance Co. Ltd. Class H

Zuoli Kechuang Company Limited is a joint stock company incorporated in the PRC and listed in Hong Kong, operating primarily through its subsidiaries in the micro-finance sector. Its key business is providing micro-finance services, with its main market share derived from micro-finance activities in Huzhou, where subsidiary Deqing Jinhui Micro-finance Company Limited plays a central role.

Average Trading Volume: 148,631

Technical Sentiment Signal: Buy

Current Market Cap: HK$389.4M

See more insights into 6866 stock on TipRanks’ Stock Analysis page.

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