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An announcement from Guangdong Yueyun Transportation Co., Ltd. Class H ( (HK:3399) ) is now available.
Guangdong Yueyun Transportation Co., Ltd. announced a connected transaction involving the disposal of its 100% equity interest in Zhuhai Gongyun to Kee Kwan, a wholly-owned subsidiary of its controlling shareholder GCGC, for RMB25,096,100. This transaction, while constituting a connected transaction under Hong Kong’s Listing Rules, does not require independent shareholders’ approval due to its size. The move signifies a strategic reallocation of resources, potentially impacting the company’s financials and market focus.
More about Guangdong Yueyun Transportation Co., Ltd. Class H
Guangdong Yueyun Transportation Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the transportation industry and is known for dealing with the management and investment in transportation businesses, focusing on services related to road transportation, logistics, and relevant infrastructure.
YTD Price Performance: 1.54%
Average Trading Volume: 195,850
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.17B
For an in-depth examination of 3399 stock, go to TipRanks’ Stock Analysis page.
