Yaoxing Technology Group (08446) once rose more than 21%. As of press release, it was up 17.78% to HK$1.06, with a turnover of HK$4.7583 million.
The Zhitong Finance app learned that Yaoxing Technology Group (08446) once rose more than 21%. As of press release, it had risen 17.78% to HK$1.06, with a turnover of HK$4.7583 million.
According to the news, Yaoxing Technology Group announced that after the market on December 14, the company (as the buyer) signed a memorandum of understanding with Hunan Wanbang Xiangfa Trading Group Co., Ltd. According to this, the company plans to acquire Wanbang Xiangfa's shares through capital injection or equity transfer. According to reports, Wanbang Xiangfa is mainly engaged in providing financial advice on debt restructuring to individuals and small businesses.
The announcement stated that the proposed transaction under the Memorandum of Understanding (if implemented) will expand the Group's business scope and broaden revenue sources, which is beneficial to the long-term development of the Group, and therefore conforms to the overall interests of the company and its shareholders.