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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.