China Uptown Group Co. Ltd. (HK:2330) has released an update.
China Uptown Group Co. Ltd. has provided additional details regarding the purchaser in their major property disposal transaction, revealing Mr. Xue Shouguang as the ultimate beneficial owner. The company reaffirms that the purchaser and its owner are independent third parties, maintaining the integrity of the disposal process. No new material loan arrangements have been identified in connection with the transaction.
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