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The latest announcement is out from Continental Holdings Limited ( (HK:0513) ).
Continental Holdings Limited has announced a major transaction involving the disposal of its entire equity interest in a subsidiary. The transaction, valued at approximately HK$36,470,073, will result in the Target Group ceasing to be subsidiaries of the company, impacting the company’s financial consolidation. The disposal has been classified as a major transaction under the Listing Rules, requiring reporting and shareholder approval, which has been obtained from Tamar Investments, the controlling shareholder. A circular detailing the transaction will be dispatched to shareholders shortly.
More about Continental Holdings Limited
Average Trading Volume: 64,107
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$120.2M
See more data about 0513 stock on TipRanks’ Stock Analysis page.