Digital China Holdings ( (HK:0861) ) just unveiled an announcement.
Digital China Holdings has announced a supplemental disclosure regarding the disposal of its equity interest in Hohhot Jingu. The transaction, valued at approximately RMB285.2 million, was determined through negotiations considering factors such as Hohhot Jingu’s perpetual bonds and government grants, which were excluded from the distribution to shareholders. The Board deems the terms of the Exit Agreement as fair and beneficial for the company and its shareholders, aligning with government policies on rural financial institution reform.
More about Digital China Holdings
YTD Price Performance: -6.59%
Average Trading Volume: 1,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $580.7M
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