Leading Holdings Group Limited (HK:6999) has released an update.
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Leading Holdings Group Limited has announced the sale of its 50% equity in a joint venture for RMB205 million, after market hours on September 12, 2024. The deal involves the sale to independent third-party purchasers and will result in the company exiting the joint venture. The consideration aligns with the company’s debt to the joint venture, negating any cash exchange.
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