China Apex Group Ltd. (HK:2011) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
China Apex Group Ltd. has announced a significant investment through its subsidiary, Shenzhen Errui, which has conditionally agreed to acquire a 90% stake in an unnamed target company for RMB9,000,000. This deal is classified as a very substantial acquisition according to listing rules, necessitating shareholder approval and additional disclosure. The company is also extending its management agreement for Jiajinlong Car City, which has bolstered its financial performance through stable income and cash flow.
For further insights into HK:2011 stock, check out TipRanks’ Stock Analysis page.