S.A.S. Dragon Holdings Limited (HK:1184) recently announced a significant update regarding its acquisition of V & V Technology. The company has gained control over V & V Technology following the appointment of Ms. Carmen Yim as a non-executive director. This move has led to the integration of V & V Technology’s financial results into S.A.S. Dragon Holdings Limited’s consolidated financial statements.
This strategic decision is considered an acquisition as the company now has significant influence over V & V Technology and shares board members. This positions V & V Technology as a subsidiary of S.A.S. Dragon Holdings Limited. The transaction has been categorized as discloseable under the Listing Rules due to its significance.
Investors interested in HK:1184 stock can find more information and insights on TipRanks’ Stock Analysis page. This update reflects the company’s commitment to strategic growth and expansion in the market. As S.A.S. Dragon Holdings Limited continues to strengthen its position, investors may see positive results in the company’s performance and financial outlook.
For more information on S.A.S. Dragon Holdings Limited and its recent acquisition of V & V Technology, investors can visit the company’s website or contact their investor relations department. Stay tuned for further updates on this exciting development in the company’s growth strategy.
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