Matrix Holdings Concludes Connected Asset Sale

Matrix Holdings Limited (HK:1005) has released an update.

Matrix Holdings Limited has announced the completion of an asset disposal deal involving the sale of 34 horses owned by their subsidiary, with the sale fetching AUD 2,236,000 in cash. This transaction is characterized as a connected transaction since the purchaser is associated with the company’s executive director and controlling shareholder. The deal, which was based on fair market valuations, falls within particular reporting and announcement regulations but does not require independent shareholder approval.

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