Enviro Energy Announces Major Share Capital Sale

Enviro Energy International Holdings Limited (HK:1102) has released an update.

Enviro Energy International Holdings Limited has announced a major transaction involving the sale of its entire issued share capital in two target companies to a purchaser for a symbolic consideration of HK$1 each, pending shareholder approval and fulfillment of conditions precedent. The disposal will result in the target companies no longer being subsidiaries and their financial results will not be consolidated in the company’s financial statements. Shareholders are advised to exercise caution when dealing in the company’s shares as the completion of the sale is not guaranteed.

For further insights into HK:1102 stock, check out TipRanks’ Stock Analysis page.