CaoCao Inc. Shareholders Approve Asset Deal and New Incentive Scheme

Tip Ranks
2026.02.27 10:46
portai
I'm PortAI, I can summarize articles.

CaoCao Inc. shareholders approved key resolutions at an extraordinary general meeting on February 27, 2026. This includes a share purchase agreement for Suzhou Youxing Qianli Network Technology to acquire Zhejiang Geely Business Service for RMB65 million. Additionally, a new share incentive scheme was adopted, pending approval from the Hong Kong Stock Exchange. These moves aim to enhance corporate restructuring and align incentives with shareholder value. The stock currently has a Buy rating with a price target of HK$70.00.