Greentown Service Group Co. Ltd. (HK:2869) has released an update.
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Greentown Service Group Co. Ltd. has announced a series of transactions involving the disposal and buyback of shares in MAG, amounting to AUD31.2 million. These transactions will result in MAG no longer being a subsidiary, affecting the company’s financial consolidation. The transactions are deemed fair and reasonable, with board approval, and are exempt from certain regulatory requirements.
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