i-Control Holdings Announces Subsidiary Disposal Deal

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.

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