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PUTIAN COMM (01720.HK) intends to sell 51% equity in its subsidiary PUTIAN CABLE GROUP Communications Technology for 3.0048 million yuan.
On March 21, Gelonghui announced that PUTIAN COMM (01720.HK) will, on July 18, 2024, through its wholly-owned subsidiary, PUTIAN Cable Group Co., Ltd, enter into a sales agreement as the seller with the buyer Ye Fan to sell 51% of the equity of the target company, PUTIAN Cable Group Communications Technology Co., Ltd, for a price of 3.0048 million yuan. The target company is primarily engaged in the manufacturing and sale of intelligent building products. The target company was established in China as a limited company and is mainly involved in the manufacturing and sale of intelligent building products. The target company has been operating at a low level, generating very little revenue and Net income or operating at a loss, and is leveraged.
PUTIAN COMM (01720.HK) plans to hold a Board of Directors meeting on March 31 to approve the annual performance.
On March 19, Gelonghui reported that PUTIAN COMM (01720.HK) announced that the Board of Directors will hold a meeting on March 31, 2025 (Monday) to consider and approve the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and its publication, as well as to consider the proposal for the distribution of a final dividend (if any).
Some Confidence Is Lacking In Putian Communication Group Limited (HKG:1720) As Shares Slide 28%
What Putian Communication Group Limited's (HKG:1720) 34% Share Price Gain Is Not Telling You
Express News | Putian Communication Group H1 Gross Margin 20.8%
Express News | Putian Communication Group H1 Revenue RMB 280.9 Million
