Yichen Group (08365.HK) issued an announcement regarding the company's major transaction of selling 85% of the entire issued share capital of Fuhui Securities. The conditions precedent stipulated in the sale agreement have been met, and the completion has been implemented on December 23, 2022. Immediately before completion, the buyer had not paid the balance of the consideration of HK$3.5 million (the balance of the consideration). The buyer has proposed, and the company has agreed, that the balance of the consideration must be paid and settled on or before March 31, 2023.
As of the close on December 28, 2022, Yichen Group (08365.HK) closed at 0.84 yuan, up 2.44%, turnover rate 0.44%, trading volume 3.160 million shares, transaction volume 2.6518 million. Investment banks have paid little attention to the stock, and no investment bank has rated it within 90 days.
Yichen Group Hong Kong stock has a market capitalization of HK$591 million, ranking 52nd in the diversified financial industry. The main indicators are shown in the table below:
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