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An announcement from Tian Yuan Group Holdings Ltd. ( (HK:6119) ) is now available.
Tian Yuan Group Holdings Ltd. has announced a change in its shareholding structure due to the establishment of a Family Trust Arrangement. Under this arrangement, Mr. Yang, who previously owned the entire share capital of Sino Ford, transferred 35% of the company’s issued shares to the Family Trust. This change is part of a strategic decision for the long-term management and distribution of Mr. Yang’s assets. The company has stated that this arrangement will not affect its financial position or operations, and the composition of the board remains unchanged. There is no obligation for a mandatory general offer for the shares as per the Takeovers Code.
More about Tian Yuan Group Holdings Ltd.
YTD Price Performance: -27.63%
Average Trading Volume: 127,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$174M
Find detailed analytics on 6119 stock on TipRanks’ Stock Analysis page.
