tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nanfang Communication Announces Key Disposal Agreement Update

Story Highlights
  • Nanfang Communication updates disposal terms with completion set for 30 September 2025.
  • Purchaser Group to manage reorganization and indemnify Pacific Smart for related costs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nanfang Communication Announces Key Disposal Agreement Update

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Nanfang Communication Holdings Ltd. ( (HK:1617) ) is now available.

Nanfang Communication Holdings Limited has announced a variation to the terms of a very substantial disposal involving Pacific Smart, the Purchaser, and Dongshan Precision. The supplemental agreement confirms the completion date as 30 September 2025, with all conditions to be fulfilled or waived by then. The Purchaser Group will handle reorganization matters and indemnify Pacific Smart for related costs. This move is expected to streamline operations and potentially impact stakeholders by ensuring a smooth transition in the company’s strategic disposal.

More about Nanfang Communication Holdings Ltd.

Average Trading Volume: 8,109,687

Technical Sentiment Signal: Buy

Current Market Cap: HK$204.9M

Find detailed analytics on 1617 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1