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Quanzhou Huixin Micro-credit Enters Financial Services Agreement with Septwolves Finance

Story Highlights
  • Quanzhou Huixin Micro-credit has signed a financial services agreement with Septwolves Finance.
  • The agreement involves connected transactions requiring reporting but exempt from shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Quanzhou Huixin Micro-credit Enters Financial Services Agreement with Septwolves Finance

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Quanzhou Huixin Micro-credit Co., Ltd. Class H ( (HK:1577) ) just unveiled an update.

Quanzhou Huixin Micro-credit Co., Ltd. has entered into a Financial Services Framework Agreement with Septwolves Finance, a connected entity, to receive various financial services including deposit, payment, and settlement services. This agreement, effective from September 29, 2025, to September 28, 2028, involves transactions that are classified as continuing connected transactions under the Hong Kong Listing Rules. The deposit services surpass certain percentage ratios, necessitating reporting and annual review, although they are exempt from independent shareholders’ approval. Meanwhile, other financial services provided under the agreement are fully exempt from these requirements.

More about Quanzhou Huixin Micro-credit Co., Ltd. Class H

Average Trading Volume: 61,352

Technical Sentiment Signal: Buy

Current Market Cap: HK$578M

Learn more about 1577 stock on TipRanks’ Stock Analysis page.

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