Fantasia Holdings Group Co. Ltd. (HK:1777) has released an update.
Fantasia Holdings Group Co., Ltd. has announced the sale of its 40% stake in a property development project in Yangzhou’s Guangning District, Jiangsu Province, as part of an agreement with the Purchasers and JV Partner. This move, classified as a discloseable transaction under Hong Kong’s Listing Rules, results in the Group exiting the Project Company entirely. The total consideration for the sale is set at RMB15.93 million, reflecting challenging conditions in the Chinese property market.
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