Qingdao Holdings International Limited (HK:0499) has released an update.
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Qingdao Holdings International Limited has announced the sale of a 95% equity interest in its subsidiary Huaiyi Construction for approximately RMB43.65 million. The transaction, agreed with NEQH Development and Construction Co. Ltd. as the vendor, is expected to be completed shortly after obtaining necessary approvals, marking a significant shift in the company’s strategic focus. This move could have intriguing implications for investors tracking the company’s evolving portfolio.
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