Discloseable transaction possible disposal of interests in cloopen
Filed with HKEX · Stock code 818 · · 9 pages · English
Summary by 6ix AI
Hi Sun Technology (China) Limited has announced a possible disposal of its interests in Cloopen, which constitutes a discloseable transaction under the Listing Rules. The transaction involves a merger agreement where Cloopen will become a wholly-owned subsidiary of HoldCo, and Hi Sun's subsidiary holds a significant stake in Cloopen. If the merger is completed, Hi Sun will cease to have any interest in Cloopen and expects to receive a substantial cash amount from the transaction. The board believes this disposal will provide working capital for the Group and is considered fair and reasonable.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Hi Sun Technology (China) Limited on 6ix
Earlier from Hi Sun Technology (China)
- Hi Sun Technology (China) Establishes ABS Scheme – Phase 3 With Issue Size RMB169 Million
- Hi Sun Technology (China) Posts FY Loss Attributable Hk$121.5 Million
- Hi Sun Technology (China) Establishes ABS Scheme Phase 1 With Total Issue Size Of RMB150 MLN
- Hi Sun Technology (China) Sees Operating Loss For 2025
Later from Hi Sun Technology (China)
- Update to discloseable transaction Possible disposal of interests in cloopen
- Monthly return of equity issuer on movements in securities for the month ended 30 September 2026
- Monthly return of equity issuer on movements in securities for the month ended 31 October 2026
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