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Huasheng International Holding Limited ( (HK:1323) ) has shared an announcement.
Huasheng International Holding Limited has announced the disposal of 65% share capital in Chengxin Finance Limited. The transaction involves a consideration of HK$32.5 million, with HK$12 million paid in cash and the remaining through promissory notes. The payment terms are considered fair due to secured repayment obligations and interest-bearing notes. The board of the disposal company will include a director appointed by the vendor, indicating continued influence in the company’s operations post-transaction.
More about Huasheng International Holding Limited
Huasheng International Holding Limited is a company incorporated in the Cayman Islands, operating in the finance industry. It focuses on financial services and transactions, with a market focus that includes managing loan portfolios.
YTD Price Performance: -32.17%
Average Trading Volume: 1,262,751
Technical Sentiment Signal: Buy
Current Market Cap: HK$117.9M
See more insights into 1323 stock on TipRanks’ Stock Analysis page.