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China Qinfa Group Completes Major Subsidiary Sale

China Qinfa Group Completes Major Subsidiary Sale

China Qinfa Group Ltd. (HK:0866) has released an update.

Confident Investing Starts Here:

China Qinfa Group Ltd. has successfully completed the sale of a 40% interest in a subsidiary company to Zhejiang Energy Asia Pacific Holding Limited. Despite this substantial disposal, the subsidiary remains under Qinfa’s control, and its financial results will continue to be consolidated into the Group’s financial statements. This move reflects the company’s strategic financial maneuvers to optimize shareholder value.

For further insights into HK:0866 stock, check out TipRanks’ Stock Analysis page.

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