Cinda International Sells 50% Stake in Subsidiary

Cinda International Holdings Limited (HK:0111) has released an update.

Cinda International Holdings Limited has announced the sale of its 50% equity interest in a subsidiary, Cinda International Shanghai, for approximately RMB16.95 million (HK$18.65 million). This major transaction will result in Cinda International Shanghai no longer being part of the company’s consolidated financial statements. The move has been approved by the majority shareholder, Cinda Securities (H.K.), in compliance with Hong Kong Stock Exchange regulations.

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