Cinda International Holdings Limited (HK:0111) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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.
For further insights into HK:0111 stock, check out TipRanks’ Stock Analysis page.
