China Partytime Announces Major Property Transaction

China Partytime Culture Holdings Ltd. (HK:1532) has released an update.

China Partytime Culture Holdings Ltd. has announced a significant transaction involving the sale of its entire equity in a property holding company for RMB80 million, followed by a leaseback agreement. This strategic move allows the company to dispose of its property interests while securing a lease for the next three years. The transaction, subject to shareholder approval, is categorized as a very substantial disposal and a discloseable transaction under Hong Kong’s Listing Rules.

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