JNBY Design (HK:3306) has released an update.
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JNBY Design Limited has announced a connected transaction involving its subsidiary JNBY Finery acquiring Huizhan Technology’s entire equity interest in a target company. The acquisition, valued at RMB1,672,000, will result in the target company becoming a wholly-owned subsidiary, with its financials consolidated into JNBY’s group accounts. This move is set within the reporting requirements of the Hong Kong Listing Rules, highlighting JNBY’s strategic expansion efforts.
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