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Kingkey Intelligence Culture Holdings Limited ( (HK:0550) ) has issued an update.
Kingkey Intelligence Culture Holdings Limited has announced a discloseable transaction involving the disposal of its 40.13% equity interest in a target company to Sino Agile Global Limited for HK$9,950,000. This transaction, which falls under the reporting and announcement requirements of the Hong Kong Stock Exchange, will result in Kingkey Intelligence Culture Holdings Limited ceasing to hold any equity interest in the target company. The disposal agreement also includes the settlement of claims between Kingkey and the target company, with the consideration amount being determined based on the target company’s financial performance, the company’s previous investments, and an independent valuation.
More about Kingkey Intelligence Culture Holdings Limited
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$61.04M
Find detailed analytics on 0550 stock on TipRanks’ Stock Analysis page.