Cosmos Machinery Enterprises Limited (HK:0118) has released an update.
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Cosmos Machinery Enterprises Limited has successfully completed a major and connected transaction involving the disposal of sale shares. The purchaser has paid the full consideration of HK$27,993,165, leading to the target group’s departure from the company’s subsidiaries and financial consolidation. This strategic move is set to significantly reshape the company’s financial structure and portfolio.
For further insights into HK:0118 stock, check out TipRanks’ Stock Analysis page.