Hengxin Technology Ltd. (HK:1085) has released an update.
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Hengxin Technology Ltd. encountered a compliance oversight when it failed to report continuing connected transactions involving its subsidiary Jiangsu Hengxin and Hengtong Logistics, as per Chapter 14A of the Listing Rules. To address its operational needs and rectify the oversight, Jiangsu Hengxin has now entered into a new Framework Agreement with Hengtong Logistics, which will require approval from independent shareholders. The company plans to seek this approval at an upcoming Extraordinary General Meeting (EGM), with further details to be provided in a circular to shareholders.
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