Prosperous Future Holdings (HK:1259) has released an update.
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Prosperous Future Holdings Limited has successfully completed the sale of its wholly-owned subsidiary to Deutschland Auto Spare Parts GMBH Limited for HK$27 million. This transaction, categorized as a discloseable transaction, results in the exclusion of the subsidiary’s financial results from the company’s consolidated accounts. The sale was finalized after thorough negotiations, considering the subsidiary’s book value and liabilities.
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