Maoyan Entertainment (HK:1896) has released an update.
Maoyan Entertainment announced new contractual arrangements on July 15, 2024, enabling the company to consolidate all economic benefits from its subsidiary, the New PRC Holdco, and its subsidiaries. These arrangements ensure compliance with the Hong Kong Stock Exchange Listing Rules, as they do not constitute connected transactions. The company emphasizes that the structure of the new arrangements reflects a continuation of existing agreements, with the WFOe providing exclusive technical support and consultation services to the New PRC Holdco.
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