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Suxin Joyful Life Services Co., Ltd. Class H ( (HK:2152) ) has provided an update.
Suxin Joyful Life Services Co., Ltd. has entered into a Capital Increase Agreement with SND Company, SG City Development, SWE City Development, and Suzhou High-tech to increase the capital of their jointly established Joint Venture Company. The capital increase involves a total contribution of RMB30 million, with Suxin contributing RMB3 million, maintaining its 10% equity interest. This transaction is classified as a connected transaction under the Listing Rules due to SND Company’s controlling interest in Suxin, but it is exempt from requiring independent shareholders’ approval.
More about Suxin Joyful Life Services Co., Ltd. Class H
YTD Price Performance: -25.95%
Average Trading Volume: 3,750
Technical Sentiment Signal: Buy
See more data about 2152 stock on TipRanks’ Stock Analysis page.