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Century City International Holdings Limited ( (HK:0355) ) has issued an update.
Century City International Holdings Limited, along with its subsidiaries Paliburg and Regal, is involved in a substantial transaction involving the disposal of a property holding company. The transaction is structured through a Share Purchase Agreement with a purchase price of £19.5 million, with the potential for the total consideration to reach £20.43 million. This transaction is significant for Century City as it constitutes a very substantial disposal under the Listing Rules, requiring shareholder approval. Paliburg also considers this a major transaction, necessitating similar approvals. The transaction is expected to impact the company’s operations and market positioning, with Grand Modern Investments Limited, a major shareholder, supporting the resolution.
More about Century City International Holdings Limited
Average Trading Volume: 22,059,964
Technical Sentiment Signal: Sell
Current Market Cap: HK$204.1M
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