China Yuhua Education Corp. Ltd. (HK:6169) has released an update.
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China Yuhua Education Corporation Limited has agreed to sell its subsidiary, which operates a university in Thailand, for HK$240 million to an independent buyer. This transaction is aimed at facilitating the repayment of the company’s convertible bonds due in 2024. As a discloseable transaction, it entails specific announcement and reporting requirements under Hong Kong’s listing rules.
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