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Shing Chi Holdings Limited's (HKG:1741) 28% Share Price Surge Not Quite Adding Up
Chengzhi Holdings (01741.HK) plans to sell all its equity in Riying Group.
On September 13, 2024, Chengzhi Holdings (01741.HK) announced that the company had entered into a purchase agreement with the buyer. Accordingly, the company agreed to sell and the buyer agreed to purchase the shares for a consideration of HKD 50,000 (i.e., the entire issued share capital of Target Company, Riying Group Limited). The Target Group operates its health management business through its operating subsidiary in China. The main operating subsidiaries of the Target Group include Shanghai YiJia Medical, Shanghai GuanZhong, Shanghai YiQianJin, and Jilin Cai Can Tang, mainly engaged in the sales and authorization of health products and the development of health management software in China. The group has been engaged in the software development of health management, sale and authorization of health products in China through its operating subsidiary in China.
Chengzhi Holdings [01741] is now trading at 0.032 Hong Kong dollars, a drop of 13.51%.
As of 14:22, Chengzhi Holdings [01741] reported a price of HK$0.032, a decrease of HK$0.005 or 13.51% from the previous closing price of HK$0.037. The trading volume was HK$0.0114 million. The highest price today was HK$0.035, and the lowest price was HK$0.032. Based on the closing price yesterday, the 10-day average price is HK$0.10, and the 50-day average price is HK$0.43. The current price-to-earnings ratio is -44.09 times, and the 14-day strength index is 4.71.
Chengzhi Holdings (01741) fell 61.90%, now trading at HKD 0.037, hitting a new 52-week low.
As of 10:05, Suncity Group (01741) fell by 61.90% compared to the previous closing price, now trading at 0.037 yuan, hitting a 52-week low; the volume is 0.108 million shares, with a turnover of 0.0042 million Hong Kong dollars.
Risks Still Elevated At These Prices As Shing Chi Holdings Limited (HKG:1741) Shares Dive 31%
The Chinese stock abbreviation of Ri Ying Holdings (01741) has been changed to "Chengzhi Holdings".
Ri Ying Holdings (01741) announced that the English name of the company has been changed from "Ri Ying Holdings..."
We Think Shareholders Are Less Likely To Approve A Pay Rise For Ri Ying Holdings Limited's (HKG:1741) CEO For NowNo Data
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