A-Living Smart City Services Co., Ltd. Class H ( (HK:3319) ) has provided an announcement.
A-Living Smart City Services Co., Ltd. has entered into a further agreement with Zhengzhou Yahong and Tengchong Agile to change the collateral for a loan from 97 houses to 38 houses within the same property project in Yuanxiang District, Yunnan. This agreement allows the company to offset debts totaling RMB52,541,759.53 by acquiring the new pledged assets, which are valued equivalently. The transaction is considered fair and reasonable by the company’s directors and is in the interest of the company and its shareholders, although it is not part of the company’s ordinary business operations. The transaction is classified as a connected transaction under the Hong Kong Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval.
More about A-Living Smart City Services Co., Ltd. Class H
A-Living Smart City Services Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on providing smart city services. The company’s primary services include property management and related services, with a market focus on urban development and smart city solutions.
YTD Price Performance: -8.75%
Average Trading Volume: 14,970
Technical Sentiment Signal: Strong Buy
Current Market Cap: €461.8M
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