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Chuang’s Consortium Announces Major Asset Disposal

Story Highlights
  • Chuang’s Consortium plans to sell a share and loan for up to HK$538.5 million.
  • The disposal requires shareholder approval and is backed by the controlling shareholder EHL.
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Chuang’s Consortium Announces Major Asset Disposal

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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.

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