Contel Technology Announces Discloseable Transaction for Equity Disposal

Contel Technology Company Limited ( (HK:1912) ) has shared an announcement.

Contel Technology Company Limited, incorporated in the Cayman Islands, announced a discloseable transaction involving the sale of 100% equity interest in certain target companies. This transaction, valued at RMB100,000, is subject to the terms of an Equity Transfer Contract and will result in the target companies no longer being subsidiaries of Contel Technology, thus affecting the company’s financial consolidation. The transaction is classified under Chapter 14 of the Listing Rules due to its percentage ratio, and stakeholders are advised to exercise caution as the deal’s completion is conditional.

More about Contel Technology Company Limited

Average Trading Volume: 1,499,516

Technical Sentiment Signal: Buy

Current Market Cap: HK$99.93M

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