Shandong Molong Petroleum Machinery (HK:0568) has released an update.
Shandong Molong Petroleum Machinery has announced a major transaction involving the sale of its entire equity interest in subsidiary Shouguang Maolong for RMB 203,038,500. The deal, which is subject to shareholder approval and other conditions, may significantly affect the company’s financials and requires caution from shareholders and potential investors. A circular with full transaction details and an Extraordinary General Meeting (EGM) notice will be disseminated by November 8, 2024.
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