Moody Technology Eyes Subsidiary’s Delisting

Moody Technology Holdings Limited (HK:1400) has released an update.

Moody Technology Holdings Limited has announced its subsidiary, Zhuhai Sundust Technology Holdings Co. Ltd., is set to apply for a voluntary delisting from the National Equities Exchange and Quotations System, aiming to streamline business management and enhance shareholder value. The delisting is subject to approval at an upcoming extraordinary general meeting on September 13, 2024. Zhuhai Sundust has also outlined measures to protect dissenting shareholders’ rights and will announce trading halt arrangements pending the EGM outcome.

For further insights into HK:1400 stock, check out TipRanks’ Stock Analysis page.