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Pan Asia Data Holdings Announces Strategic Asset Sale

Story Highlights
  • Pan Asia Data Holdings Inc. plans to sell its entire share capital of Pan Asia Data (BVI) Inc.
  • The sale to Timenew Limited is expected to impact the company’s operational structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pan Asia Data Holdings Announces Strategic Asset Sale

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Pan Asia Data Holdings, Inc. ( (HK:1561) ) has shared an announcement.

Pan Asia Data Holdings Inc. has announced an extraordinary general meeting to approve the sale of its entire issued share capital of Pan Asia Data (BVI) Inc. to Timenew Limited for a nominal consideration of HK$1. This strategic move is expected to impact the company’s operational structure and may have implications for its stakeholders, as it involves significant changes in its corporate assets.

More about Pan Asia Data Holdings, Inc.

Pan Asia Data Holdings Inc. is a company incorporated in the Cayman Islands, operating in the data management industry. It focuses on providing data-related services and solutions, with a market presence primarily in Hong Kong.

Average Trading Volume: 317,384

Technical Sentiment Signal: Sell

Current Market Cap: HK$53.27M

Learn more about 1561 stock on TipRanks’ Stock Analysis page.

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