Orange Sky Golden Harvest Sells Stakes in Key Subsidiaries

Orange Sky Golden Harvest Entertainment (Holdings) Limited (HK:1132) has released an update.

Orange Sky Golden Harvest Entertainment has announced the sale of its entire stake in OSGH Investment and OSGH 360 for HK$2.7 million, leading to their financial results no longer being consolidated in the company’s statements. This transaction, involving connected persons, is classified as a discloseable transaction under Hong Kong’s Listing Rules. A separate agreement allows the purchaser to use related trademarks for three years to support ongoing operations.

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