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Nanfang Communication Announces Termination of Major Disposal Agreement

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Nanfang Communication Announces Termination of Major Disposal Agreement

Nanfang Communication Holdings Ltd. ( (HK:1617) ) has provided an announcement.

Nanfang Communication Holdings Limited has announced the termination of a very substantial disposal agreement with immediate effect, as communicated by the purchaser. The company stated that this termination will not have any material adverse effect on its financial position or business operations. The company plans to continue seeking potential purchasers for the sale shares and will update shareholders and potential investors once new terms are finalized.

More about Nanfang Communication Holdings Ltd.

YTD Price Performance: 3.00%

Average Trading Volume: 543,591

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$167.5M

For an in-depth examination of 1617 stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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