Digital China Holdings (HK:0861) has released an update.
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Digital China Holdings is selling its 9.8% stake in Hohhot Jingu for approximately RMB285.2 million, as part of a restructuring plan that will see Hohhot Jingu merge with other financial entities to form a new bank. This transaction is classified as a discloseable transaction under the Listing Rules due to its size and is exempt from requiring shareholder approval.
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