Neo Neon Holdings (HK:1868) has released an update.
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Neo Neon Holdings Limited has entered into a Deposit Service Agreement with its Finance Company, effective from January 2025 to December 2027. This agreement will see the Finance Company providing RMB and foreign currency deposit services to Neo Neon’s qualified group members, with interest rates adhering to the People’s Bank of China policies and competitive with major commercial banks. As a continuing connected transaction under Hong Kong’s Listing Rules, it requires reporting and annual review but is exempt from independent shareholder approval.
For further insights into HK:1868 stock, check out TipRanks’ Stock Analysis page.
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