tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Prosperity Investment Holdings Plans Subsidiary Liquidation

Story Highlights
Prosperity Investment Holdings Plans Subsidiary Liquidation

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Prosperity Investment Holdings Limited ( (HK:0310) ) has shared an update.

Prosperity Investment Holdings Limited has announced a proposed voluntary liquidation of its wholly-owned subsidiary, Easy Ace. Easy Ace’s sole asset is a 14.7% equity interest in Wealth Spread, which holds a 54.0% interest in a PRC entity. The liquidation will lead to the de-consolidation of Easy Ace from the company’s financials, but is not expected to materially impact the group’s financial performance as Easy Ace has not contributed revenue to the group. The proposed liquidation is considered a very substantial disposal under the Listing Rules, requiring shareholder approval and further reporting. Trading of the company’s shares remains suspended until further notice.

More about Prosperity Investment Holdings Limited

Technical Sentiment Signal: Sell

Current Market Cap: HK$12.11M

Find detailed analytics on 0310 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1