Chanjet Information Technology Co., Ltd. Class H (HK:1588) has released an update.
Chanjet Information Technology Co., Ltd. has announced a significant capital reduction for its subsidiary, Happiness Yunchuang, lowering the capital contribution from RMB40,357,000 to RMB5,357,000. Despite the reduction, Chanjet’s ownership stake remains unchanged at 10%. This move is part of a connected transaction under Hong Kong’s Listing Rules, subject only to reporting and announcement requirements.
For further insights into HK:1588 stock, check out TipRanks’ Stock Analysis page.
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