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China Partytime Sells Subsidiary for RMB20.5 Million

Story Highlights
  • China Partytime sold its entire equity interest in a subsidiary for RMB20.5 million.
  • The transaction will remove the Target Group from the company’s consolidated financial statements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Partytime Sells Subsidiary for RMB20.5 Million

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China Partytime Culture Holdings Ltd. ( (HK:1532) ) has shared an announcement.

China Partytime Culture Holdings Ltd. has announced the disposal of its entire equity interest in a wholly-owned subsidiary, the Target Company, for RMB20.5 million. This transaction will result in the Target Group no longer being part of the company’s consolidated financial statements. The sale, deemed a discloseable transaction under Hong Kong’s Listing Rules, was completed on the same day as the agreement, reflecting strategic realignment and expected benefits for the company.

More about China Partytime Culture Holdings Ltd.

Average Trading Volume: 197,470

Technical Sentiment Signal: Sell

Current Market Cap: HK$186.1M

Learn more about 1532 stock on TipRanks’ Stock Analysis page.

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