China ITS Subsidiary Acquires Stake; Revises Loan Terms

China ITS Holdings Co., Ltd. (HK:1900) has released an update.

China ITS Holdings Co., Ltd. has announced the acquisition of a 5.02% stake in a target company through its subsidiary Tibet Aviation for RMB 56.259 million, increasing its total ownership to 27.21%. Additionally, terms involving the extension of a loan including the release of pledged shares were revised. The completion of the acquisition is subject to certain conditions and shareholders are advised to exercise caution when dealing with the company’s securities.

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