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Yadong Group Holdings Limited ( (HK:1795) ) has issued an announcement.
Yadong Group Holdings Limited has entered into an Agreement on Advance Payment with Changzhou Dongxia for RMB16.3 million to refurbish its leased premises in Changzhou, China. This transaction is classified as a connected transaction under the Hong Kong Stock Exchange Listing Rules due to the relationship between the company’s chairman and Changzhou Dongxia, but it is exempt from certain approval requirements. The company failed to announce this transaction in a timely manner, resulting in a breach of the Listing Rules.
More about Yadong Group Holdings Limited
Yadong Group Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the People’s Republic of China. The company leases premises for its production plant, warehouse, laboratory, and administration and management office, indicating its involvement in manufacturing or industrial operations.
Average Trading Volume: 306,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$456M
See more data about 1795 stock on TipRanks’ Stock Analysis page.