Jiu Rong Holdings Plans Subsidiary Disposal

Jiu Rong Holdings Limited (HK:2358) has released an update.

Jiu Rong Holdings Limited is planning to sell its entire equity interest in Hangzhou Lu Yun Property Limited, aiming to optimize resources and reduce its financial losses from past years. The company has entered into a letter of intent for the disposal, with a significant advance payment agreed upon, although the final agreement is not yet legally binding. Shareholders and potential investors are cautioned to be prudent with their investments as the disposal could significantly impact the company’s operations.

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