Hong Kong Aerospace Technology Group Limited (HK:1725) has released an update.
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Hong Kong Aerospace Technology Group Limited has announced a significant transaction involving the sale of its wholly-owned subsidiary for RMB27.1 million. This deal, deemed a discloseable transaction under Hong Kong’s listing rules, will result in the subsidiary no longer being part of the company’s consolidated financial statements. Investors are advised to remain cautious as the completion of the transaction is contingent upon certain conditions being met.
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