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Nanfang Communication Shareholders Approve Major Deal
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Nanfang Communication Shareholders Approve Major Deal

Nanfang Communication Holdings Ltd. (HK:1617) has released an update.

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Nanfang Communication Holdings Ltd.’s shareholders have unanimously passed a resolution during their Extraordinary General Meeting held on September 9, 2024, pertaining to the approval of a Formal Sale and Purchase Agreement and related transactions. The deal involves the company’s subsidiary, Pacific Smart, selling shares to Vantone Neo Development Group Co., Ltd., with all voting shareholders in favor of the resolution. This decisive vote signals strong shareholder support for the company’s strategic decisions.

For further insights into HK:1617 stock, check out TipRanks’ Stock Analysis page.

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