Nanfang Communication Holdings Ltd. (HK:1617) has released an update.
Nanfang Communication Holdings Ltd. has reached an agreement to sell its subsidiary shares for $21.6 million, with the deal subject to shareholder approval and other conditions. The transaction is considered a very substantial disposal, requiring adherence to specific notification and approval protocols as per the Listing Rules. Trading of the company’s shares, which was halted, is set to resume shortly after the announcement.
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