Hong Kong Aerospace Group Announces Major Disposal

Hong Kong Aerospace Technology Group Limited (HK:1725) has released an update.

Hong Kong Aerospace Technology Group Limited has conditionally agreed to sell all issued shares of its subsidiary (the Target Company) to an independent third party for HK$37,387,000. This transaction is classified as a discloseable transaction according to the Listing Rules, requiring reporting and announcement obligations. Shareholders are advised to be cautious as the sale is subject to conditions and may not proceed.

For further insights into HK:1725 stock, check out TipRanks’ Stock Analysis page.