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The latest announcement is out from TFG International Group Limited ( (HK:0542) ).
China Cultural Tourism and Agriculture Group Limited has entered into an agreement to sell a 47% equity interest in China Cultural Tourism Group Limited to High Summit Global Limited for RMB143,350,000. This transaction, combined with a previous one, constitutes a discloseable and connected transaction under Hong Kong’s Listing Rules, exempting it from shareholders’ approval requirements. The disposal will result in the target company no longer being a subsidiary, affecting the group’s financial statements.
More about TFG International Group Limited
Average Trading Volume: 3,445,132
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.41B
For a thorough assessment of 0542 stock, go to TipRanks’ Stock Analysis page.