First Service Holding Settles Receivables with Property Transfers

First Service Holding Limited (HK:2107) has released an update.

First Service Holding Limited has entered into Set-Off Agreements with the Modern Land Group to settle outstanding receivables through property transfers. These transactions involve connected parties due to shared ownership and are subject to reporting requirements under Hong Kong Stock Exchange rules. The agreements streamline financial operations without necessitating additional shareholder approvals.

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