China Aoyuan Group’s Sale Shares Deal Approved

China Aoyuan Group (HK:3883) has released an update.

Shareholders of China Aoyuan Group Limited have overwhelmingly approved a resolution for the disposal of the Sale Shares, representing a complete economic interest in the M2M Project Phase 1 in Toronto, Canada. The extraordinary general meeting held on July 10, 2024, concluded with nearly 100% votes in favor, enabling the company to move forward with the agreement and associated transactions. As the deal is still subject to certain conditions, investors are advised to exercise caution when trading the company’s shares.

For further insights into HK:3883 stock, check out TipRanks’ Stock Analysis page.