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Prosperous Future Holdings Sells Subsidiary for HK$27 Million

Prosperous Future Holdings Sells Subsidiary for HK$27 Million

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.

For further insights into HK:1259 stock, check out TipRanks’ Stock Analysis page.

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