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Maxnerva Technology Services Limited ( (HK:1037) ) has provided an announcement.
Maxnerva Technology Services Limited has announced the disposal of its entire equity interest in a joint venture, totaling 18.75%, to an independent third party. The disposal is structured through two equity transfer agreements, with a total consideration of RMB13,400,000. This transaction will result in the joint venture’s financial results no longer being included in Maxnerva’s financial statements, impacting the company’s operations by removing this joint venture from its portfolio. The transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement but not shareholder approval.
More about Maxnerva Technology Services Limited
Maxnerva Technology Services Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under stock code 1037. The company is involved in technology services, though specific industry details and market focus are not provided in the announcement.
YTD Price Performance: -1.96%
Average Trading Volume: 412,471
Technical Sentiment Signal: Sell
Current Market Cap: HK$178.9M
Learn more about 1037 stock on TipRanks’ Stock Analysis page.