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The latest announcement is out from Pan Asia Data Holdings, Inc. ( (HK:1561) ).
Pan Asia Data Holdings Inc. announced the disposal of its subsidiary by selling the entire issued share capital of the Target Company to Timenew Limited for a nominal consideration of HK$1. This transaction, classified as a major transaction under Hong Kong’s Listing Rules, will result in the Target Company’s financial results no longer being consolidated into the company’s financial statements, potentially impacting its financial structure and market positioning.
More about Pan Asia Data Holdings, Inc.
Pan Asia Data Holdings Inc. operates in the data management and technology industry, focusing on providing data-driven solutions and services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -39.23%
Average Trading Volume: 122,375
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$84.17M
For a thorough assessment of 1561 stock, go to TipRanks’ Stock Analysis page.