China Wantian Holdings Limited (HK:1854) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Wantian Holdings Limited has entered into a significant transaction involving the sale of its entire shares in a subsidiary and the subsequent leaseback of properties, for a total consideration of HK$56,320,000. The deal, involving executive director and major shareholder Mr. Liu, is classified as both discloseable and connected under the Listing Rules, requiring independent shareholder approval. Upon completion, the group will recognize a right-of-use asset valued at approximately HK$4,518,000 in its financials.
For further insights into HK:1854 stock, check out TipRanks’ Stock Analysis page.