China Wantian Announces Major Sale and Leaseback Deal

China Wantian Holdings Limited (HK:1854) has released an update.

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.

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