Asia Television Holdings Limited (HK:0707) has released an update.
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Asia Television Holdings Limited, through its subsidiary Full Winning, sold all of its shares in Yong Tai Berhad, amounting to 27,364,200 shares, for approximately RM9.58 million or HK$15.82 million. This transaction, which took place on 27 and 28 June 2024, has been categorized as a discloseable transaction under the Listing Rules, requiring reporting and announcement but not a shareholder vote. Asia Television Holdings engages in various business sectors including fabric processing, money lending, securities, and media, while Yong Tai, the disposed asset, is primarily involved in property development.
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