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Shoucheng Holdings Announces General Meeting for Major Restructuring Plan
Company Announcements

Shoucheng Holdings Announces General Meeting for Major Restructuring Plan

Story Highlights
  • Shoucheng Holdings plans a general meeting to discuss a Sale and Purchase Agreement.
  • The agreement involves a significant restructuring with Shougang Holding acquiring shares from Fine Power Group.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Shoucheng Holdings Ltd. ( (HK:0697) ) has issued an announcement.

Shoucheng Holdings Limited has announced a general meeting scheduled for January 27, 2025, to discuss an ordinary resolution regarding a Sale and Purchase Agreement. This agreement involves Shougang Holding acquiring 606,927,640 issued shares from Fine Power Group Limited, marking a significant proposed restructuring. The resolution seeks approval for the agreement and authorizes company directors to facilitate necessary actions to implement the restructuring.

More about Shoucheng Holdings Ltd.

YTD Price Performance: -3.33%

Average Trading Volume: 4,492

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €917M

For a thorough assessment of 0697 stock, go to TipRanks’ Stock Analysis page.

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