Yaoxing Technology Group (08446) once rose nearly 24%, and closed up 30% on the previous trading day. As of press release, it rose 11.11% to HK$1.3, with a turnover of HK$9.533 million.
The Zhitong Finance App learned that Yaoxing Technology Group (08446) once rose nearly 24%, and closed up 30% on the previous trading day. As of press release, it rose 11.11% to HK$1.3, with a turnover of HK$9.533 million.
According to the news, the company (as the buyer) recently 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 share transfer. According to reports, Wanbang Xiangfa is mainly engaged in providing financial advice on debt restructuring for individuals and small enterprises. The company announced that the proposed transaction under the memorandum of understanding (if implemented) will expand the scope of the Group's business and broaden revenue sources, which is conducive to the long-term development of the Group, and is therefore in line with the overall interests of the company and its shareholders.