Pan Asia Data Holdings Forms New Investment Partnership

Pan Asia Data Holdings, Inc. (HK:1561) has released an update.

Pan Asia Data Holdings Inc. has announced the establishment of a new partnership, with its subsidiary LYGR (Beijing) contributing RMB80,000,000 to the total capital of RMB81,000,000. The partnership, which is managed by ALAN AMC, will be treated as a financial asset in the company’s books and not consolidated into the group’s financial results. This move is classified as a discloseable transaction that meets the reporting and announcement requirements set by the Listing Rules due to its size.

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