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South China Holdings Company Limited ( (HK:0413) ) has provided an update.
South China Holdings Company Limited has announced the completion of a transaction where its Target Subsidiaries have ceased to be its subsidiaries and have become indirect non-wholly-owned subsidiaries of a purchaser associated with a connected person of the company. This transaction, valued at HK$26,960,296, involves tenancy agreements with Shi Feng Company, a wholly-owned subsidiary of South China Holdings, which will continue to lease properties from the Target Subsidiaries. As a result, these agreements are now classified as continuing connected transactions under the Hong Kong Stock Exchange’s Listing Rules, requiring annual review and disclosure.
More about South China Holdings Company Limited
YTD Price Performance: -15.79%
Average Trading Volume: 605,863
Technical Sentiment Signal: Sell
Current Market Cap: HK$415.5M
For a thorough assessment of 0413 stock, go to TipRanks’ Stock Analysis page.