i-Control Holdings Limited (HK:1402) has released an update.
i-Control Holdings Limited has entered into an agreement to sell the entire issued share capital of its wholly-owned subsidiaries along with related receivables for a consideration of HK$100,000 in cash. The subsidiaries’ financial results, assets, and liabilities will no longer be consolidated in the company’s financial statements post-disposal. This transaction is classified as discloseable, adhering to the Hong Kong Listing Rules, and does not require shareholder approval.
For further insights into HK:1402 stock, check out TipRanks’ Stock Analysis page.
