Country Garden Holdings Co (HK:2007) has released an update.
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Country Garden Holdings has announced the sale of its 1.56% equity stake in Changxin Technology for RMB 2.0 billion, effectively ending its involvement with the company. This transaction, categorized as a discloseable transaction, meets the reporting requirements but bypasses the need for shareholder approval. Investors may find this move significant as it reflects the company’s strategy to optimize its investment portfolio.
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