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Chuang’s Consortium International ( (HK:0367) ) just unveiled an announcement.
Chuang’s Consortium International has announced a very substantial disposal involving the sale of a share and loan, with an estimated consideration of up to HK$538.5 million. This transaction, subject to shareholder approval, is significant as it exceeds 75% of the applicable percentage ratio under the Listing Rules, indicating a major shift in the company’s asset portfolio. The controlling shareholder, EHL, has committed to supporting the transaction, ensuring a smooth approval process.
More about Chuang’s Consortium International
Average Trading Volume: 224,468
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$568.7M
See more insights into 0367 stock on TipRanks’ Stock Analysis page.