Overseas Chinese Town (Asia) Holdings Limited (HK:3366) has released an update.
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Overseas Chinese Town (Asia) Holdings Limited has announced a significant transaction involving the sale of its 50.5% equity stake in OCT (Shanghai) Land for RMB 2.05 billion in cash. The sale is classified as both a very substantial disposal and a connected transaction, requiring approval from Independent Shareholders. Caution is advised for shareholders and potential investors as the deal’s completion hinges on satisfying certain conditions.
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