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YGM Trading Limited ( (HK:0375) ) has shared an update.
YGM Trading Limited has announced a discloseable and connected transaction involving the sale of its entire issued shares in YGM Retail and the assignment of a Sale Loan for HK$34,320,000. This transaction, which involves connected persons under the Listing Rules, requires Independent Shareholders’ approval and is expected to impact the company’s operations by establishing a new distribution and manufacturing license agreement. This agreement grants YGM Marketing exclusive rights to market and distribute products in Hong Kong and Macau, and non-exclusive rights to manufacture products worldwide, thereby continuing connected transactions post-completion.
The most recent analyst rating on (HK:0375) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on YGM Trading Limited stock, see the HK:0375 Stock Forecast page.
More about YGM Trading Limited
YGM Trading Limited is a company incorporated in Hong Kong, primarily involved in retail and marketing operations. The company focuses on distributing and selling products in Hong Kong and Macau, with a market presence in the manufacturing and promotion of various products.
Average Trading Volume: 64,237
Technical Sentiment Signal: Buy
Current Market Cap: HK$174.2M
Learn more about 0375 stock on TipRanks’ Stock Analysis page.