Summary by Moomoo AI
Wave Digital Enterprise Technology Co., Ltd. (Wave Digital Enterprise) announced on 28 March 2024 that it has entered into a Travel Services Framework Agreement with a subsidiary of Wave Man Travel, a subsidiary of its controlling shareholder Wave Group. Under the agreement, Siva Travel will provide travel services to Wave Digital Enterprises from 28 March 2024 to 31 December of the same year. As Wave Group holds 54.44% of the shares in Wave Digital Enterprises, the transaction constitutes a continuing connected transaction. The agreement is expected to have an annual trading cap of more than 0.1% but less than 5% and is therefore subject to the reporting, annual review and announcement requirements, but not required to comply with the Circular, Independent Financial Opinion and Independent Shareholder Approval. Travel...Show More