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Onewo, Inc. Class H ( (HK:2602) ) has provided an update.
Onewo Inc., a joint stock company incorporated in the People’s Republic of China, announced a significant financial arrangement involving the pledge of shares by its controlling shareholder, China Vanke Co., Ltd. According to the announcement, China Vanke has entered into a loan agreement with Shenzhen Metro Group Co., Ltd., which involves pledging 211,530,417 shares of Onewo Inc. as collateral. These shares represent approximately 18.29% of the total issued share capital of the company. The arrangement will not affect China Vanke’s position as the controlling shareholder nor the normal operations of Onewo Inc. The company will continue to monitor the situation and provide updates as necessary, while advising shareholders and investors to exercise caution.
More about Onewo, Inc. Class H
YTD Price Performance: 7.09%
Average Trading Volume: 2,426,540
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$25.66B
Find detailed analytics on 2602 stock on TipRanks’ Stock Analysis page.
