BBMG (HK:2009) has released an update.
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BBMG Corporation has announced a significant capital reduction in its subsidiary, with Tianjin Education Development Investment agreeing to reduce the registered capital by approximately RMB1,001.198 million. This move increases BBMG’s ownership in the subsidiary from 66.816% to 83.208%, while maintaining Tianjin Education as a substantial shareholder. The transaction is classified as a discloseable and connected transaction under Hong Kong’s listing rules.
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