Chi Kan Holdings Limited (HK:9913) has released an update.
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Chi Kan Holdings Limited has announced a conditional agreement for the sale of 70 million shares by its controlling shareholder, Magnificent Faith Limited, to Zhongchuang Boli (Hong Kong) Co., Ltd. This transaction represents 7% of the company’s issued share capital and will increase the purchaser’s holding to 17%, while Magnificent Faith will retain a 37.67% stake. Investors are advised to be cautious as the completion of the sale is subject to certain conditions.
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