Diwang Industrial Sells 25% Stake in Subsidiary

Diwang Industrial Holdings Limited (HK:1950) has released an update.

Diwang Industrial Holdings Limited has announced a significant transaction involving the sale of a 25% stake in one of its subsidiaries to an independent third party. The deal, valued at RMB20,840,000, will be paid in cash installments, but Diwang will retain majority ownership, ensuring continued consolidation of the subsidiary’s financial results into the group’s accounts. This move is classified as a discloseable transaction under the Hong Kong Stock Exchange rules.

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