Sinomax Announces Continuing Connected Transactions Post-Subscription
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Sinomax Group Ltd. (HK:1418) announced continuing connected transactions following a subscription agreement that altered its ownership structure. The transactions involve an indirect subsidiary of Sinomax and an associate of M Logistical, a substantial shareholder. Independent non-executive directors deemed the agreements fair and beneficial for the company and shareholders. These transactions comply with specific Listing Rules reporting requirements but are exempt from others. The latest analyst rating for HK:1418 is a Hold with a price target of HK$0.50.
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