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China Tonghai International Financial Limited ( (HK:0952) ) has shared an update.
China Tonghai International Financial Limited, through its indirect wholly-owned subsidiary, has agreed to sell a property located in Hillsborough, California, for US$7.5 million. The transaction is considered a discloseable transaction under Hong Kong’s Listing Rules, as it exceeds 5% but is less than 25% of the applicable percentage ratio. The property, a vacant 2-storey home acquired in August 2023 as part of a debt settlement, has not generated rental income. This disposal may impact the company’s financial position by liquidating a non-performing asset.
More about China Tonghai International Financial Limited
Average Trading Volume: 1,262,111
Technical Sentiment Signal: Sell
Current Market Cap: HK$928M
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