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Futu News reported on November 25 that Yiju Enterprise Holdings increased its increase in the afternoon. As of press release, it has now risen 40.94% to HK$179, with a turnover of HK$186 million.
The company announced last night that the purchase agreement and subscription matters relating to the acquisition of the joint venture TM Home Limited were completed on November 24. After completion, the joint venture was held by EasyJu and Alibaba Investment respectively about 70.23% and 29.77%.
As a result, the joint venture becomes a non-wholly owned subsidiary of EasyJu, and its financial results will be incorporated into EasyJu's accounts.
Photo Source: Company Announcements