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Fantasia Holdings Announces Subsidiary Disposals and Debt Assignment

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Fantasia Holdings Announces Subsidiary Disposals and Debt Assignment

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Fantasia Holdings Group Co. Ltd. ( (HK:1777) ) just unveiled an update.

Fantasia Holdings Group Co., Limited announced the disposal of its subsidiaries and debt assignment, involving transactions with three purchasers. The disposals, which include the sale of equity interests in Twinkle and Huahuo, and a debt assignment, are valued at RMB30,000,000, RMB1,000,000, and RMB48,000,000 respectively. These transactions will result in the company ceasing its interest in the involved entities and are categorized as discloseable transactions under the Listing Rules, impacting the company’s financial structuring and market positioning.

The most recent analyst rating on (HK:1777) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Fantasia Holdings Group Co. Ltd. stock, see the HK:1777 Stock Forecast page.

More about Fantasia Holdings Group Co. Ltd.

Fantasia Holdings Group Co., Limited is a company incorporated in the Cayman Islands, primarily involved in property development.

YTD Price Performance: -23.64%

Average Trading Volume: 3,825,362

Technical Sentiment Signal: Sell

Current Market Cap: HK$484.9M

For a thorough assessment of 1777 stock, go to TipRanks’ Stock Analysis page.

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