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Nanfang Communication Secures Shareholder Approval for Strategic Sale Agreement

Story Highlights
  • Shareholders approved the Sale and Purchase Agreement at the extraordinary general meeting.
  • The resolution passed with 100% votes in favor, indicating strong support for the transaction.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nanfang Communication Secures Shareholder Approval for Strategic Sale Agreement

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Nanfang Communication Holdings Ltd. ( (HK:1617) ) has issued an update.

Nanfang Communication Holdings Limited announced that during its extraordinary general meeting held on September 15, 2025, shareholders approved the Sale and Purchase Agreement involving the disposal of sale shares to Multek Group (Hong Kong) Limited and Suzhou Dongshan Precision Manufacturing Co., Ltd. The resolution was passed unanimously with 100% of the votes in favor, indicating strong shareholder support for the transaction, which is expected to impact the company’s strategic direction and operational focus.

More about Nanfang Communication Holdings Ltd.

Average Trading Volume: 8,643,931

Technical Sentiment Signal: Buy

Current Market Cap: HK$219.5M

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

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