YGM Trading Limited Announces Strategic Resolutions at Upcoming EGM
YGM Trading Limited (HK:0375) has announced an Extraordinary General Meeting to approve key resolutions, including a share purchase agreement for YGM Retail Limited and a distribution and manufacturing license with YGM Marketing. A proposed capital reduction aims to enhance shareholder value, pending court approval. The latest analyst rating for HK:0375 is a Hold with a price target of HK$1.00. YGM Trading focuses on trading, retail, and marketing, with a market cap of HK$210.6M and an average trading volume of 74,963.
An announcement from YGM Trading Limited ( (HK:0375) ) is now available.
YGM Trading Limited has announced an Extraordinary General Meeting to approve several significant resolutions, including a share purchase agreement involving the sale of YGM Retail Limited and a distribution and manufacturing license agreement with YGM Marketing. Additionally, a special resolution proposes a capital reduction to enhance shareholder value, subject to court approval. These strategic moves are expected to streamline operations and potentially improve the company’s financial standing.
The most recent analyst rating on (HK:0375) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on YGM Trading Limited stock, see the HK:0375 Stock Forecast page.
More about YGM Trading Limited
YGM Trading Limited is a company incorporated in Hong Kong, primarily involved in trading activities. The company focuses on retail and marketing operations, with a market presence in the distribution and manufacturing sectors.
Average Trading Volume: 74,963
Technical Sentiment Signal: Buy
Current Market Cap: HK$210.6M
For an in-depth examination of 0375 stock, go to TipRanks’ Overview page.
