Tingyi (Cayman Islands) Holding ( (HK:0322) ) just unveiled an announcement.
Tingyi (Cayman Islands) Holding Corp., a company incorporated in the Cayman Islands, has proposed to enter into three new agreements: the Tingzheng Supply Agreement, the Marine Vision Supply Agreement, and the Ting Tong Logistics Agreement. These agreements pertain to continuing connected transactions for a period of three financial years ending December 31, 2028. These transactions involve companies owned by family members of the company’s executives, making them connected persons under the Listing Rules. As the annual transaction amounts are expected to exceed 5%, the agreements require reporting, annual review, announcement, and independent shareholders’ approval. Somerley has been appointed as the Independent Financial Adviser to guide the Independent Board Committee and shareholders on these transactions.
More about Tingyi (Cayman Islands) Holding
YTD Price Performance: 28.29%
Average Trading Volume: 1,813
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.17B
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