Yunfeng Financial Group LimitedHKEX: 376

Supplemental announcement connected transaction reorganization of corporate structure of licensed entities involving disposal of Yunfeng Financial markets limited

· Issued by Yunfeng Financial Group Limited via HKEXnews

Filed with HKEX · Stock code 376 · · 5 pages · English

Summary by 6ix AI

Yunfeng Financial Group Limited has issued a supplemental announcement regarding a connected transaction involving the disposal of Yunfeng Financial Markets Limited. The announcement provides further details on the financial results of YFML and the basis for determining the consideration for the disposal. It highlights the significant losses incurred by YFML and the reorganization of its corporate structure as part of the transaction. The board believes the consideration is fair and reasonable based on various assessments and market inquiries.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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