SRE Group Limited (HK:1207) has released an update.
SRE Group Limited has disclosed major financial assistance transactions involving its wholly-owned subsidiaries and affiliated companies Shanghai Jinxin and Changsha Hongrongyuan, which require shareholder approval as per the Listing Rules due to their significant size. These agreements have collectively surpassed the 25% threshold under the Listing Rules, triggering the need for a detailed circular to be sent to shareholders by July 16, 2024. The company has already secured written approval from its controlling shareholder, negating the need for a general shareholder meeting.
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