Freetech Road Recycling Technology (Holdings) Ltd. (HK:6888) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Freetech Road Recycling Technology has announced a significant transaction involving the sale of its subsidiary, valued at RMB71.1 million, to Tianjin Expressway Group. The disposal is classified as a very substantial disposal under Hong Kong’s Listing Rules, necessitating shareholder approval. This move will see the subsidiary exiting Freetech’s portfolio, impacting its structure and financial positioning.
For further insights into HK:6888 stock, check out TipRanks’ Stock Analysis page.